Hello, Guest!
  • Friday, November 22, 2024

Raytheon Lands $300M Contract to Produce TOW Missiles for Army, Marine Corps, FMS Customers


Raytheon (NYSE: RTN) has received a potential $300.1 million contract to provide tube-launched, optically-tracked wireless guided missiles to the U.S. Army, U.S. Marine Corps and three foreign military sales customers.

The fixed-price-incentive contract includes TOW weapon purchases from Lebanon, Jordan and Morocco, the Defense Department said Thursday.

Raytheon’s missile systems business unit will perform work in Tucson, Arizona; and Farmington, New Mexico through July 31, 2020.

The Army Contracting Command obligated the full contract amount from the Army’s fiscal 2010, 2015, 2016 and 2017 other procurement funds; foreign military sales funds; and American Recovery and Reinvestment Act funds.

Video of the Day

Related Articles

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted Financial Reports

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted

RTX (NYSE: RTX) has reported first quarter 2024 sales of $19.3 billion, a 12 percent increase from the prior-year period, and posted GAAP earnings per share of $1.28, up 32 percent compared to the previous year. In an earnings statement published Tuesday, RTX said it recorded $1.3 billion in gross proceeds from the divestiture of

Srini Dixit Appointed CAE Defense & Security CFO Executive Moves

Srini Dixit Appointed CAE Defense & Security CFO

Srini Dixit was named chief financial officer of CAE‘s defense and security business, joining the Arlington, Texas-located aviation services company from RTX‘s (NYSE: RTX) Raytheon subsidiary where he previously worked as vice president and CFO of its air power strategic business unit. He announced his appointment to the CAE Defense & Security executive leadership team

RTX Names Jeff Standerski as Mission 24 VP at Raytheon Executive Moves

RTX Names Jeff Standerski as Mission 24 VP at Raytheon

Jeff Standerski, an industry executive, has been appointed vice president for Mission 24 at RTX (NYSE: RTX) business Raytheon. He disclosed the move in a LinkedIn post published Monday. In this capacity, Standerski oversees transformation efforts at Raytheon with a focus on advancing program execution and business growth initiatives and improving operational productivity, according to