Pentagon awards RTX's Raytheon $20.7 billion contract for AMRAAM missiles amid stockpile concerns
RTX said it nearly doubled AMRAAM production in 2025 as the Pentagon seeks to rebuild missile stocks after conflicts in the Middle East and Ukraine.
- On Monday, the Pentagon awarded RTX a provisional $20.7 billion contract to accelerate AMRAAM missile production and replenish stockpiles depleted by conflicts in Ukraine and the Middle East.
- The deal functions under the Pentagon's "Arsenal of Freedom" initiative, representing the latest effort to pressure defense contractors to increase output speed following supply chain challenges this year.
- RTX previously set an annual production goal of at least 1,900 AMRAAM missiles, which serve in air-to-air combat and the National Advanced Surface-to-Air Missile System used by more than a dozen countries.
- This award mirrors a $58.6 billion Patriot interceptor deal Lockheed Martin received in July, though industry executives cautioned that Congress has not yet appropriated required funding.
- These production agreements reflect a broader push by the Trump administration to prioritize weapons production over shareholder returns, aiming to sustain output for ongoing military requirements.
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RTX Corporation (NYSE: RTX) Secures $20.7 Billion AMRAAM Contract To Fuel Long-Term Defense Revenue Growth
RTX Corporation (NYSE: RTX) is cementing its dominance in the air-to-air missile market as global demand for the Advanced Medium-Range Air-to-Air Missile surges among U.S. and allied military customers. The company’s Raytheon business unit has received a multiyear contract valued at up to $20.7 billion for the production of AMRAAM missiles, guidance sections, and related […]
Defense News
Military TimesPentagon awards Raytheon up to $20.7 billion to nearly double AMRAAM production
The Defense Department has awarded Raytheon a multiyear contract worth up to $20.7 billion to build Advanced Medium-Range Air-to-Air Missiles, or AMRAAMs.
The U.S. Department of Defense entered into a contract with Raytheon for up to $20.7 billion to accelerate the production of AMRAAM missiles, which are widely used by the Ukrainian Armed Forces. Under a five-year contract, which provides for a two-year extension, Raytheon will increase the production of AMRAAM missiles to record levels to meet long-term demand, The Wall Street Journal states that the companies have already invested significant f…
US Missile Deal Puts Allies in Production Push
Get latest articles and stories on World at LatestLY. The US Department of War awarded Raytheon a contract worth up to USD 20.7 billion over five years to produce AMRAAM missiles for American and allied forces, aiming to double production capacity and meet surging global demand. World News | US Missile Deal Puts Allies in Production Push.
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