Award
Definitive Contract #W31P4Q23C0026
DOD Awards Raytheon $430M for TOW Systems Development
Buyer
Department of the Army
Award Amount
$318,172,444.00
Ceiling
$675,907,522.00
Period of Performance
Aug 15, 2023 – Jun 30, 2028
Identifier
W31P4Q23C0026
NAICS
336414
The Department of Defense (DoD) awarded a definitive contract to Raytheon Company to support the development of Tube-Launched Optically Tracked Wireless-Guided (TOW) systems. Raytheon, a prominent player in defense and aerospace technology, will undertake this work under a fixed price incentive contract. The significance of this contract lies in its role in enhancing the military’s guided missile capabilities, demonstrating the agency's commitment to strengthening national defense capabilities. This contract is not set aside for small businesses, as Raytheon is categorized as other than small business. The scope includes delivering advanced military equipment aimed at improving operational effectiveness. The potential total value of this award is $430,000,000. The contract was awarded without competition, deeming it necessary for continuity in defense operations. The performance period spans from August 15, 2023, to September 30, 2026, indicating a long-term commitment to this high-stakes project. Key subcontractors include GlenDEE Corp, Hadrian Automation, Inc., and BC Industrial Supply Inc., who will provide critical components and services for the project.
Description
TUBE-LAUNCHED OPTICALLY TRACKED WIRELESS-GUIDED (TOW)