Raytheon, Thales team to upgrade TOW missile

New variant will reduce cost, increase warfighter survivability

Jun 16, 2014 ASDNews Source : Raytheon Corporation

Raytheon Company (NYSE: RTN) and Thales have signed a 27-month development and five-year production agreement in support of future improvements of Raytheon's tube-launched, optically-tracked, wireless-guided (TOW) weapon system.

Thales has committed a £13.5M (~$20.2 million) investment in the design and qualification of two new TOW missile subassemblies that will address obsolescence, increase system fuze safety and reduce total missile cost.

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