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Raytheon Wins $20.7 Billion AMRAAM Contract

September 30, 2026

2 min read

Key Takeaways

Raytheon wins up to $20.7 billion AMRAAM contract.
Contract covers five years with two option years.
Production goal: at least 1,900 missiles a year.
Deal aims to rebuild munitions stockpiles depleted by the war with Iran.

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Strategic Implications

This contract may indicate the Pentagon's priority on replenishing and expanding its air-to-air missile capabilities. The large award suggests a significant investment in the AMRAAM program, which could benefit Raytheon and its suppliers, and may set a precedent for future munitions procurement.

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What Happened

Pentagon Awards Largest Ever Deal For Beyond-Visual-Range Missiles

The Pentagon has awarded Raytheon a multiyear contract worth up to $20.7 billion for the AIM-120 AMRAAM, the West’s standard beyond-visual-range air-to-air missile. The contract, announced on 28 September 2026, covers five years with two option years and aims to produce at least 1,900 missiles a year. The deal is part of the Pentagon’s ‘Arsenal of Freedom’ push to rebuild munitions stockpiles depleted by the war with Iran. According to Reuters, Congress has not yet fully funded the deal, which was first reported by MiGFlug.

Source | Originally Published: September 30, 2026

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