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Raytheon Secures $20.7B Pentagon Contract for AMRAAM Missiles

September 30, 2026

2 min read

Key Takeaways

Raytheon wins $20.7B Pentagon contract for AMRAAM missiles.
Contract aims to double annual production to 1,900 missiles.
Program supports US Air Force, Navy, and Foreign Military Sales customers.
Deal includes two additional option years.

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Strategic Implications

This contract may indicate a significant shift in the US defense strategy, suggesting a focus on rebuilding the domestic defense industrial base. The increased production of AMRAAM missiles could strengthen the US and its allies' air combat capabilities, which may have implications for global security dynamics.

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What Happened

Massive Defense Deal to Double Annual Missile Production

Raytheon, a unit of RTX Corp., has secured a US government contract worth up to $20.7 billion to produce AMRAAM air-to-air missiles over five years, with two additional option years. The award aims to nearly double annual production to at least 1,900 missiles as part of the Pentagon’s Arsenal of Freedom initiative. The program supports US Air Force, Navy, and Foreign Military Sales customers, and relies on congressional authority for multiyear procurement. This development was first reported by BigGo Finance.

Source | Originally Published: September 25, 2026

Companies Mentioned