Raytheon [RTN] and Thales signed a 27-month development and five-year production agreement in support of future improvements of Raytheon's tube-launched, optically-tracked, wireless-guided (TOW) weapon system, the companies said at Eurosatory in Paris on Monday. Thales has committed an about $20.2 million investment in the design and qualification of two new TOW missile sub-assemblies that will address obsolescence, increase system fuze safety and reduce total missile cost. "Re-investing in the TOW weapon system for the U.S. government, our international partners and…
