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Raytheon Wins $77.9 Million US Army Missile Subsystem Support Contract
Technical Services continues company's support to provide engineering services and logistics on TOW missile system
DULLES, Va., March 12, 2012 /PRNewswire/ -- Raytheon Technical Services Company LLC (RTSC), a subsidiary of Raytheon Company (NYSE: RTN), has won a U.S. Army TOW (tube-launched, optically tracked, wire-guided) missile subsystems contract valued at $77.9 million. Under the five-year contract, Raytheon will provide logistics and engineering support for TOW subsystems and associated support equipment.
Specifically, work will include field engineering support, provisioning and repair support, technical engineering and configuration management for the Army's Close Combat Systems, including Bradley Fighting Vehicles. Raytheon has performed work on the TOW missile since the 1990s.
"The customer's selection of Technical Services as a prime contractor affirms our strong capabilities in providing engineering services and innovative, cost-effective customer solutions," said John Harris, RTSC president. "Together, RTSC and Raytheon Missile Systems' engineering and logistics solutions will support systems from Huntsville to Afghanistan and offer assurance to our warfighters that they have systems that perform anytime and everywhere."
Raytheon Company, with 2011 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 71,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
Note to Editors
Today, TOW is in service in more than 40 international armed forces and integrated on more than 15,000 ground, vehicle and helicopter platforms worldwide.
SOURCE Raytheon Company