US Army orders TOW missiles from Raytheon under contracts totalling $676 million
More than 700,000 TOW missiles have been ordered and it is in service with dozens of countries and forces including the US Army. (Photo: US Army)
The order from the US Army is made of two contracts with some of the weapon systems potentially destined for Ukraine and other set to resupply US stocks of missiles sent to Ukraine.
RTX’s Raytheon will manufacture BGM-71 tube-launched, optically-tracked, wireless-guided (TOW) weapon systems for the US Army under two deals totalling US$676 million.
The company’s separate awards comprise an annual production contract for $430 million in FY2023 and an additional $246 million award in 2024.
Raytheon has delivered more than 700,000 TOW weapon systems to US and international armed forces.
The US Department of Defense has provided Ukraine with approximately13,000 TOW missiles and the weapon has featured highly in several of the Ukraine support packages the US government has signed off on.
Tens-of-thousands of missiles have also been supplied to each of Egypt, Germany, Italy, Saudi Arabia, Turkey, the UK and the US.
Shephard Defence Insight noted that the unit price was approximately $100,000 meaning the contract would likely be for about 6,000 missiles or less based on possible cost increases of recent years.
Over the many years of the weapon being in service, Raytheon has continually conducted efforts to improve it.
In July 2022, the US Army and Raytheon Missiles & Defense fired two qualification shots of the 2B variant of the TOW anti-tank guided missile (ASTGM) weapon system.
The TOW 2B ATGMs deployed in the trial reached beyond the 4,000m range and demonstrated accurate targeting and warhead penetration against tactically representative targets.
Related Equipment in Defence Insight
More from Land Warfare
-
![AUSA 2025: BAE Systems delivers more than 500 AMPVs to the US Army]()
AUSA 2025: BAE Systems delivers more than 500 AMPVs to the US Army
The US Army requires 2,907 Armored Multi-Purpose Vehicles to replace its M113 family, and there are multiple versions in production.
-
![AUSA 2025: AM General Hawkeye awaits first production contract]()
AUSA 2025: AM General Hawkeye awaits first production contract
AM General presented its new Hawkeye at AUSA 2025 in Washington, with prototypes of the howitzer system having been trialled in Ukraine last year.
-
![AUSA 2025: Lionstrike lays out plans for British Army vehicle bid as competitors get ready]()
AUSA 2025: Lionstrike lays out plans for British Army vehicle bid as competitors get ready
In September 2025, BAE Systems announced that it was joining GM Defense and NP Aerospace to form Team Lionstrike. The team will be offering a version of GM Defense’s infantry support vehicle which is based on the commercial Colorado vehicle.
-
![AUSA 2025: KNDS France to bid for US Army requirement]()
AUSA 2025: KNDS France to bid for US Army requirement
The CAESAR Mk II, which was debuted internationally at Eurosatory last year, is a step up from the first model which has seen combat in Ukraine and the Middle East.
-
![AUSA 2025: IAI reveals robotic route clearance system]()
AUSA 2025: IAI reveals robotic route clearance system
The Elta 6631 has been developed using the experience of the Israel Defense Forces in route proving, and can be customised for various customers and circumstances.
-
![AUSA 2025: Boeing wins $2.7 billion PAC-3 production contract as it explores supply chain expansion]()
AUSA 2025: Boeing wins $2.7 billion PAC-3 production contract as it explores supply chain expansion
Boeing will work with prime contractor Lockheed Martin to boost PAC-3 production capacity to hit higher delivery targets, as demand for the interceptors continues to surge.
