Raytheon Gets $20.7B Contract to Accelerate AMRAAM Missile Production

By Elias SchisgallRTX unit Raytheon received a contract valued up to $20.7 billion from the Defense Department to accelerate the production of its AMRAAM missiles.Under the five-year contract, with two option years, Raytheon said it will scale AMRAAM missile production to record levels to meet long…