Raytheon (NYSE: RTN) will continue to manufacture the tube-launched, optically-tracked, wireless-guided missiles through a $129.9 million contract modification from the U.S. Army. The company said ...

U.S. Army Paratroopers, assigned to 1st Squadron, 91st Cavalry Regiment, 173rd Airborne Brigade, fire BGM-71 Tube-launched, Optically tracked, Wire-guided (TOW) missiles from atop Humvees (HMMWV) at ...

Raytheon’s missiles and defense business has supplied more than 700,000 TOW missile systems to the U.S. military and allied troops, according to the company.