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Raytheon Wins $20.7B AMRAAM Deal

September 30, 2026

2 min read

Key Takeaways

Raytheon wins $20.7 billion AMRAAM contract.
Contract is a five-year, multiyear procurement agreement.
Production could run through June 2033.
Initial funding is $85,715 from U.S. military procurement.

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Strategic Implications

This contract award may signal a significant increase in air-to-air missile production, which could indicate growing demand from the U.S. and its allies. The large contract value suggests a long-term commitment to AMRAAM, which may benefit Raytheon's position in the defense market.

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What Happened

Pentagon Awards Multiyear Contract For Advanced Air-To-Air Missiles

The Pentagon has awarded Raytheon a contract worth up to $20.7 billion to expand production of its Advanced Medium-Range Air-to-Air Missiles (AMRAAM). The five-year, multiyear procurement agreement includes two option years and could carry production through June 2033. Initial funding for the contract is $85,715 from U.S. military procurement. The AMRAAM, designated AIM-120, is a radar-guided air-to-air missile designed for use by fighter aircraft. This development was reported by InsideDefense.com.

Source | Originally Published: September 28, 2026

Companies Mentioned

Raytheon BAE Systems

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Technology & Systems

Raytheon Wins $20.7B AMRAAM Deal

September 30, 2026

2 min read

Key Takeaways

Raytheon wins $20.7 billion AMRAAM contract.
Contract is a five-year, multiyear procurement agreement.
Production could run through June 2033.
Initial funding is $85,715 from U.S. military procurement.

Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.

Silver membership required Upgrade to Silver to access Key Takeaways.

Strategic Implications

This contract award may signal a significant increase in air-to-air missile production, which could indicate growing demand from the U.S. and its allies. The large contract value suggests a long-term commitment to AMRAAM, which may benefit Raytheon's position in the defense market.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.

Silver membership required Upgrade to Silver to access Strategic Implications.

What Happened

Pentagon Awards Multiyear Contract For Advanced Air-To-Air Missiles

The Pentagon has awarded Raytheon a contract worth up to $20.7 billion to expand production of its Advanced Medium-Range Air-to-Air Missiles (AMRAAM). The five-year, multiyear procurement agreement includes two option years and could carry production through June 2033. Initial funding for the contract is $85,715 from U.S. military procurement. The AMRAAM, designated AIM-120, is a radar-guided air-to-air missile designed for use by fighter aircraft. This development was reported by InsideDefense.com.

Source | Originally Published: September 28, 2026

Companies Mentioned

Raytheon BAE Systems