May 10 (UPI) — Raytheon has been awarded a contract by the U.S. Army for anti-armor target acquisition systems.
The deal, announced Wednesday by the Department of Defense, is valued at more than $8.9 million and will provide the Army with “logistics support for the Tube-launched Optically-tracked Wireless-guided Improved Target Acquisition System.”
The tube-launched, optically-tracked, wireless-guided TOW weapon system, is used against anti-armor, anti-fortification and anti-amphibious landing weapon systems, according to Raytheon.
Work on the contract will occur in McKinney, Texas, and is expected to be complete in May 2019, the Pentagon said.
The total cumulative value will be obligated to Raytheon at the time of award — the funds will be allocated from Army fiscal 2018 operations and maintenance funds.