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Raytheon, Thales sign production agreement to upgrade TOW missile

Raytheon and Thales have signed a 27-month development and five-year production agreement in support of future improvements of Raytheon's tube-launched, optically-tracked, wireless-guided, or TOW, weapon system. Thales has committed approximately $20.2M investment in the design and qualification of two new TOW missile subassemblies that will address obsolescence, increase system fuze safety and reduce total missile cost.