Business

April 23, 2014

International customer signs agreement for Raytheon’s TOW missiles

An international customer signed an agreement with the U.S. government for a foreign military sale of tube-launched, optically tracked, wireless-guided (TOW) missiles to be supplied by Raytheon in a deal valued at approximately $750 million.

Raytheon plans to deliver nearly 14,000 TOW missiles to the customer over a three-year period beginning in 2015. A resulting order is expected to be executed by the U.S. government with Raytheon in the coming weeks.

The order will allow Raytheon to further increase TOW’s capability while delivering affordable precision to a key U.S. ally for the defense of its borders and sovereignty. This type of multiyear FMS arrangement drives down acquisition costs for the U.S. government and provides economies of scale.

About TOW

* The tube-launched, optically-tracked, wireless-guided weapon system, with the multi-mission TOW 2A, TOW 2B, and TOW Bunker Buster missiles, is the premier long-range, precision anti-armor, anti-fortification and anti-amphibious landing weapon system used throughout the world today.

* The TOW weapon system is expected to be in service with the U.S. military beyond 2025.

* TOW is in service in more than 40 international armed forces and integrated on more than 15,000 ground, vehicle and helicopter platforms worldwide.

* Raytheon has delivered more than 675,000 TOW missiles to U.S. and allied war fighters.




All of this week's top headlines to your email every Friday.


 
 

 

President proclaims Memorial Day as ‘Day of Prayer’

President Barack Obama May 22 saluted the service and sacrifices of America’s military members–past and present–and proclaimed Memorial Day, May 25, 2015, “as a day of prayer for permanent peace, and I designate the hour beginning in each locality at 11 a.m. of that day as a time during which people may unite in prayer....
 
 

Air Force leaders’ Memorial Day message

Secretary of the Air Force Deborah Lee James and Air Force Chief of Staff Gen. Mark A. Welsh III send the following Memorial Day message to the Airmen of the Air Force and their families: To the Airmen of the United States Air Force and their Families: On Memorial Day, Americans pause in solemn remembrance...
 
 

Headlines May 22, 2015

News: Second Marine killed in Hawaii Osprey crash identified - Marine Corps officials have identified the second Marine to die as a result of the May 17 MV-22B Osprey crash as Lance Cpl. Matthew J. Determan of Maricopa, Ariz.   Business: Israel defense exports plunge to seven-year low - Israeli defense sales last year plunged to their...
 

 

News Briefs May 22, 2015

Ukrainian officer hit with third charge in Russia A third charge has been filed against a Ukrainian military officer who has been behind bars in Moscow for nearly a year over the deaths of two Russian journalists in Ukraine. Nadezhda Savchenko, who worked as a spotter for Ukrainian troops fighting separatist rebels in eastern Ukraine,...
 
 
Army photograph by C. Todd Lopez

Smart-mortar will help Soldiers more effectively hit targets

Army photograph by C. Todd Lopez Nick Baldwin and Evan Young, researchers with the Armament Research Development and Engineering Center at Picatinny Arsenal, Pennsylvania, discuss the 120mm Guided Enhanced Fragmentation Mortar ...
 
 

Air Force assigns new chief scientist

The Air Force announced the service’s new chief scientist to serve as a science and technology adviser to the secretary of the Air Force and the chief of staff of the Air Force, May 21. Dr. Greg Zacharias will be the 35th chief scientist and is ready to “dive in” to his new role. “I...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>