Pentagon Awards Raytheon Up to $20.7 Billion Deal to Ramp Up AMRAAM Missile Production Amid Stockpile Crunch
The Pentagon has awarded a contract valued up to $20.7 billion to Raytheon, a subsidiary of RTX (NYSE: RTX ), to expedite the production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM) amid concerns over dwindling stockpiles. The AMRAAM missile is a key component of air-to-air combat for fighter jets and the Nati