Pentagon awards Raytheon up to $20.7B for AMRAAM
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Event Brief

Pentagon awards Raytheon up to $20.7B for AMRAAM

Filed: Sep 28, 2026 at 6:08 PM ET
UPDATED Sep 29, 2026 at 1:04 PM ET
Summary: The Defense Department awarded Raytheon a multiyear contract worth up to $20.7 billion to build Advanced Medium-Range Air-to-Air Missiles (AMRAAMs). The five-year deal, with two option years, is intended to nearly double AMRAAM production and is described as a joint buy by the Air Force, the Navy and allies.
WHO: U.S. Department of Defense; Raytheon (RTX parent company)
WHAT: Awarded Raytheon a multiyear contract up to $20.7 billion to build AMRAAM missiles, aiming to nearly double production.
WHEN: Sep 29, 2026
WHERE: USA
WHY: The award is part of the Pentagon’s Arsenal of Freedom campaign to bolster weapons production and ramp AMRAAM output.

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