Pentagon awards Raytheon $20.7B to nearly double AMRAAM production

The DoD has awarded Raytheon a multiyear contract worth up to $20.7 billion to increase AMRAAM production, nearly doubling output. This reflects sustained demand driven by global conflicts and allied procurement, signaling a long-term shift in US defense industrial priorities. The scale of the award underscores the strategic importance of air-to-air missile stockpiles.