Monday, July 19, 2010

DTN News: Raytheon Awarded $55 Million Contract To Deliver TOW Missiles to Saudi Arabia....NSI News Source Info # 784

(NSI News Source Info) FARNBOROUGH, England,- July 18, 2010: Raytheon Company (NYSE:RTN - News) received a $55 million contract to deliver TOW (Tube-Launched, Optically-Tracked, Wireless-Guided) 2A Radio Frequency missiles to the U.S. government as part of a foreign military sale to Saudi Arabia's National Guard.
"TOW RF missiles are tremendous weapons because of their high mobility, rapid response and close-fire support capabilities," said Jim Riley, Raytheon's vice president of Land Combat. "This missile can give soldiers at the lowest tactical echelon immediate, precision firepower."

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