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Raytheon secures $20.7 billion multi-year contract for AMRAAM missiles

Raytheon, a business unit of RTX Corporation, announced on Monday that it has been awarded a five-year contract by the Department of War’s Arsenal of Freedom to ramp up production of AMRAAM® missiles. The contract has two option years valued at up to $20.7 billion.

This contract follows the landmark agreement between Raytheon and the Department of War announced in February, which supports the annual production of at least 1,900 AMRAAM missiles.

Raytheon President Phil Jasper said AMRAAM delivers “beyond-visual-range lethality with advanced guidance and electronic protection in contested environments,” calling the missile “the world’s most trusted, combat-proven air dominance weapon.”

RTX has invested heavily in recent years to accelerate production of AMRAAM and other critical munitions, nearly doubling production in 2025 compared to 2024, according to the company’s statement. By collaborating with multiple small and mid-sized suppliers nationwide and exploring international co-production, RTX is scaling output to meet long-term operational requirements.

Now in its fifth generation, AMRAAM is deployed on 14 platforms and fielded by 44 countries. Equipped with advanced processors that enable agile software updates, it serves as the primary interceptor for both air-to-air missions and NASAMS® air defense.

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