Raytheon Wins $77.9 M US Army Missile Subsystem Support Contract

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."

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Source: Raytheon Corporation (NYSE: RTN)
Date: Mar 12, 2012