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May 1, 2018 / 5:06 PM

Raytheon contracted for TOW missiles for Oman, Taiwan

U.S. Army soldiers with the 2nd Squadron, 106th Cavalry Regiment conduct Close Combat Missile Systems training with the TOW missile at Fort McCoy, Wis., on March 14, 2016. Photo by Jamal Wilson/U.S. Army

U.S. Army soldiers with the 2nd Squadron, 106th Cavalry Regiment conduct Close Combat Missile Systems training with the TOW missile at Fort McCoy, Wis., on March 14, 2016. Photo by Jamal Wilson/U.S. Army

May 1 (UPI) -- Raytheon has been tapped by the U.S. Army for anti-tank missiles for the governments of Oman and Taiwan.

The deal, announced Monday by the Department of Defense, is valued at more than $129.9 million, which is a modification to a previous Pentagon award.

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The contract from U.S. Army Contracting Command enables Raytheon to provide the Tube-launched Optically tracked Wireless-guided missiles, known as TOW missiles, used by both the U.S. Army and Marine Corps, to the foreign militaries of Oman and Taiwan.

Work on the contract will occur in Tucson, Ariz., and Farmington, N.M., and is expected to be complete in September 2021.

The total amount of the contract will be obligated to Raytheon at time of award, the Defense Department said.

The obligated funds will be obligated from fiscal years 2010, 2016, 2017 and 2018 foreign military sale accounts, including Army other procurement funds.

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