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Raytheon, an RTX (NYSE: RTX ) business, will accelerate production of AMRAAM® missiles to record-setting levels under the terms of a five-year multi-year contract with two option years valued up to $20.7 billion awarded as part of the Department of War's Arsenal of Freedom.
RTX’s Raytheon unit received a five-year multi-year AMRAAM contract with two option years valued up to $20.7B, tied to at least 1,900 missiles annually under a prior agreement.Material DetailsContext by AI AnalystThis is a late confirmation of rising munitions demand and RTX’s ramp in 2025. A large…