Raytheon has received a contract with five one-year options that has a total potential value of $122 million to provide engineering services for the TOW (Tube- launched, Optically tracked, Wire-Guided) weapon system family of missiles and TOW fire control systems including: ITAS (Improved Target Acquisition System), IBAS (Improved Bradley Acquisition Subsystem), T2SS (TOW 2 Subsystem), and M220 Ground TOW.

"The TOW system has provided the Army with a clear advantage on the battlefield during numerous engagements against all armor vehicles, fortifications and reinforced bunkers throughout Operations Iraqi Freedom and Enduring Freedom," said Jim Riley, vice president of Raytheon Missile Systems' Land Combat product line. "This contract enables Raytheon to deliver the continued support that the Army needs to effectively deploy these systems and achieve mission success."