Raytheon, Thales partner for TOW missile upgrade

|About: Raytheon Company (RTN)|By:, SA News Editor

Raytheon (RTN) has signed a 27-month development and five-year production agreement with Thales. The deal will focus on improving Raytheon's TOW weapon system.

Thales has committed an investment of approximately $20.2M toward the design of two new TOW missile sub-assemblies.