Raytheon Secures $398 Million Contract for Advanced TOW Anti-Tank Missile Systems
TOW Anti-Tank Missiles Award Announcement
Raytheon Company, based in Tucson, Arizona, has secured a significant contract modification totaling $398,329,554. This modification (P00031) pertains to contract W31P4Q-17-C-0194, which involves the procurement of tube-launched, optically tracked, wire-guided missiles (TOW). Additionally, this includes TOW obsolescence and safety missiles, as well as practice missiles.
This vital project will be conducted in Tucson, Arizona, with an anticipated completion date set for September 30, 2022.
The funding allocated for this contract comprises Fiscal Year 2017, 2019, and 2020 missile procurement for the Army, along with 2019 and 2020 Defense-wide procurement funds. Furthermore, 2018 and 2019 defense revolving funds in the amount of $398,329,553 were obligated at the time the award was made.
The U.S. Army Contracting Command, located at Redstone Arsenal, Alabama, is overseeing this contracting activity.
