What Happened
Defense Giant Expands Manufacturing Capacity to Meet Escalating Demand
Raytheon, an RTX business, has secured a $20.7 billion contract to accelerate the production of AMRAAM missiles, aiming to manufacture at least 1,900 missiles annually. The deal, awarded under the Department of War’s Arsenal of Freedom initiative, supports the replenishment of critical defense stockpiles and the supply of advanced weaponry to U.S. and allied forces. According to Aviation News, the contract formalizes a landmark framework established between Raytheon and defense leadership earlier this year, with the company aggressively expanding its industrial footprint to meet the heightened manufacturing volume.