RTX's Raytheon Wins $20.7B Multi-Year Contract For AMRAAM Under Landmark Production Agreement

Raytheon, a business unit of RTX, has secured a five-year multi-year contract with the Department of War valued at up to $20.7 billion for the production of AMRAAM missiles. This agreement includes two additional option years and aims to accelerate production to record levels as part of the Arsenal of Freedom initiative.