Raytheon Awarded $126 Million TOW Fire-and-Forget Missile Deal

By Dan Dupont / September 18, 2000 at 5:00 AM
The Defense Department last week picked Raytheon for a $126 million contract to develop a "fire-and-forget" version of the TOW missile. Raytheon, which owns original TOW maker Hughes, was the only bidder for the contract. The fire-and-forget TOW is the Army's replacement for a Follow-On-To-TOW missile program canceled in 1998 because it was deemed unaffordable. The service wants to develop a missile that can be used by its massive fleet of TOW launchers, but features greater capabilities. The Army plans...

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