Defense Production: Army Awards $271M to Raytheon for TOW Missile Manufacturing Through 2028

Raytheon Missile and Defense, Tucson, Arizona, was awarded a $271,377,812 modification (PZ0015) to contract W31P4Q-23-C-0026 for the full-rate production of the Tube-Launched Optically Tracked Missile Weapon System, including the TOW Obsolescence and Safety 2B missile variant. Work will be performed in Tucson, Arizona, with an estimated completion date of Feb. 29, 2028. Fiscal 2023 and 2024 missile procurement, Army funds totaling $137,338,102; and fiscal 2023, 2024, and 2025 other procurement, Army funds totaling $134,039,710, were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.