Raytheon Wins $20.7 Billion U.S. Air Force Contract for AMRAAM Missiles
Raytheon Technologies (RTX) has secured a multi-year contract worth up to $20.7 billion from the U.S. Air Force under its Advanced Medium-Range Air-to-Air Missile (AMRAAM) program. The deal includes production of all-up rounds, guidance sections, and fulfillment of Foreign Military Sales requirements. Work on the project will take place in Tucson, Arizona. The contract underscores continued strong demand for Raytheon's defense systems amid heightened global security concerns and U.S. military modernization efforts. This large-scale procurement is expected to provide a significant boost to RTX’s aerospace and defense segment over several years. From a market perspective, the deal reinforces confidence in Raytheon as a key supplier of critical air-to-air missile technology for both domestic and international clients.
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