Pentagon awards RTX's Raytheon $20.7B contract to accelerate production of AMRAAM missiles

RTX's Raytheon secured a contract worth up to $20.7 billion for AMRAAM missiles, with the U.S. targeting annual production of at least 1,900 units. The company reported nearly doubling production in 2025 compared to 2024 and is investing in scaling capacity. The contract covers the initial term and option years.

RTX's Raytheon has secured a $20.7 billion contract to accelerate production of AMRAAM missiles, as reported on September 28, 2026. The company's stock is currently trading at $187.66, down 0.92% in after-hours trading.

The Pentagon awarded RTX’s Raytheon a $20.7 billion contract for AMRAAM missiles to replenish depleted stockpiles. The deal aims to accelerate production, but funding depends on Congress. RTX plans to increase production to 1,900 missiles annually. Similar contracts, like a $58.6 billion deal with Lockheed Martin, face funding uncertainties.

RTX's Raytheon secured a $20.7 billion contract for AMRAAM missile production over five years, with two option years, under the Department of War's Arsenal of Freedom. The deal accelerates production to 1,900 missiles annually, supporting U.S. and allied defense needs. RTX has increased production capacity and invested in technology and supply chain to meet demand.

RTX's Raytheon unit secured a contract valued up to $20.7B for AMRAAM missiles over five years, with two option years. The deal ensures at least 1,900 missiles annually, reflecting rising munitions demand. RTX expects revenue and margin impacts from funded option exercises and delivery schedules.

Raytheon, a unit of RTX, secured a multi-year contract worth up to $20.7 billion for AMRAAM missiles. The five-year deal, with two option years, aims to boost production. RTX reported nearly doubling production in 2025 compared to 2024, with plans for further increases. The contract follows an earlier agreement ensuring annual production of at least 1,900 missiles.