
Pentagon Awards Raytheon $20.7B to Double AMRAAM Output
The U.S. Department of Defense awarded Raytheon a multiyear contract worth up to $20.7 billion to nearly double production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). The deal, part of the 'Arsenal of Freedom' initiative, aims to replenish stockpiles depleted by recent conflicts and support allies. While the contract was signed in September, full funding remains pending congressional approval, raising concerns about industry investment delays.

