RTX's Raytheon awarded $20.7 billion multi-year contract for AMRAAM under landmark production agreement

RTX's Raytheon awarded $20.7 billion multi-year contract for AMRAAM under landmark production agreement September 28, 2026 Share this article on Facebook Share this article on Twitter Share this article on LinkedIn Share this article via email Contract accelerates production ramp as part of Department of War's Arsenal of Freedom TUCSON, Ariz. , Sept. 28, 2026 /PRNewswire/ -- 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. This contract follows the landmark agreement between Raytheon and the Department of War announced earlier this year , which supports the annual production of at least 1,900 AMRAAM missiles. "AMRAAM remains the world's most trusted, combat-proven air dominance weapon for the United States and our allies, delivering beyond-visual-range lethality with advanced guidance and electronic protection in contested environments," said Raytheon President Phil Jasper. "We continue to make significant investments in our workforce, technology, supply chain and facilities to rapidly scale production capacity and meet surging demand from the U.S. Air Force, Navy and our international partners." RTX has invested heavily in recent years to ramp production of AMRAAM and other critical munitions, nearly doubling production in 2025 compared to 2024. By collaborating closely with hundreds of small and mid-sized suppliers nationwide and now exploring international co-production RTX is rapidly scaling output to meet long-term operational requirements. Now in its fifth generation, AMRAAM operates on 14 platforms and is fielded by 44 countries, achieving more than 7,000 successful live fires in test and combat. Upgraded with advanced processors that allow for agile software updates to outpace current and future threats, it serves as the primary interceptor for both air-to-air missions and the NASAMS air defense system. About Raytheon Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space. About RTX With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia. For questions or to schedule an interview, please contact [email protected] . SOURCE RTX Tags : RTX Raytheon Press Release If you like this article, share it. Share this article on Facebook Share this article on Twitter Share this article on LinkedIn Share this article via email News & Stories August 27, 2026 RTX's Raytheon completes $50 million expansion of Mississippi manufacturing facility RTX Raytheon August 17, 2026 RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles RTX Raytheon August 10, 2026 RTX's Raytheon awarded $745 million contract for SM-3 IIA interceptors RTX Raytheon News Across RTX — Company newsroom — sourced from RTX. Matter furnished by the company. Not a Notice Nearby paid placement. This page reprints matter furnished by the company from its official newsroom. Notice Nearby did not write this release. Read the original: https://www.rtx.com/news/news-center/2026/09/28/rtxs-raytheon-awarded-20-7-billion-multi-year-contract-for-amraam-under-landmar