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Congress Asked to Approve $140 Million Missile Sale to Britain

The U.S. Defense Security Cooperation Agency notified Congress Tuesday of plans to sell a package of Tomahawk Block IV Torpedo Launched Land-Attack missiles, plus associated equipment, parts, training and logistical support, to the United Kingdom. If approved by Congress, this sale would generate an estimated $140 million in new revenue for principal contractor Raytheon Co. (NYSE: RTN  ) .


Tomahawk cruise missile emerging from the sea after torpedo-tube launch. Photo: Wikimedia Commons.

Specifically, the UK will be buying up to 65 of Raytheon's Block IV All-Up-Round Torpedo Tube-Launched Tomahawk Land-Attack Missiles -- cruise missiles designed to be fired out of a submarine's torpedo tubes before going airborne. Containers for the missiles, test equipment, engineering support, and other related services would also be included in the sale.

DSCA noted that equipping the British with these missiles will improve the allied nation's military capabilities, and also enhance "weapon system standardization and interoperability" between U.S. and UK forces. DSCA further explained to Congress that the Royal Navy needs these missiles "to replenish those expended in support of coalition operations."

DSCA assured Congress that this sale "will not alter the basic military balance in the region" and will result in "no adverse impact on U.S. defense readiness." 

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  • Report this Comment On July 02, 2014, at 4:30 PM, ilsm50 wrote:

    "Weapon system standardization and interoperability" meaning the UK MoD is dumb as US.

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Rich Smith
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As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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8/31/2015 4:06 PM
RTN $102.56 Down -1.69 -1.62%
Raytheon Company CAPS Rating: ****