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10:15 AM, September 29, 2017
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Raytheon Wins $592.5 Million in FMS Contracts to Supply TOW Anti-Tank Missiles
Tube-launched Optically-tracked Wireless-guided (TOW) missiles (Image: Raytheon)

Raytheon has been awarded 592.5 million foreign military sales contracts for Tube-launched Optically-tracked Wireless-guided (TOW) missiles.

The first contract worth $300 million will involve sale of TOW missiles for the Army, Marine Corps, Lebanon, Jordon and Morocco. The work is expected to be completed by July 31, 2020, the US Department of Defense said in a statement Thursday.

The second contract worth $292.4 million is a modification to foreign military sales to Saudi Arabia, Lebanon, Thailand, Bahrain, and Morocco. The work is estimated to be completed by Decemeber 31, 2018.

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