Pentagon Awards Raytheon $20.7 Billion AMRAAM Missile Contract.
The Pentagon gave RTX's Raytheon a provisional multiyear contract worth $20.7 billion for AMRAAM missiles. The deal is meant to rebuild stockpiles depleted by conflicts in Ukraine and the Middle East and by U.S. operations against Iran.
- RTX says it nearly doubled AMRAAM production in 2025 versus the prior year.
- 1,900 missiles per year is RTX's stated minimum annual production goal.
- The contract runs through fiscal 2032, a seven-year procurement plan.
- $58.6 billion Patriot interceptor deal with Lockheed Martin followed the same structure in July.
Why it matters: AMRAAM is used in both jet fighter combat and in NASAMS ground-based air defense, which protects Washington and is operated by more than a dozen countries including Ukraine.
- Congress has not appropriated the full funding, which industry executives say limits large-scale investment in components and facilities.
How 4 sources split on this story
Center coverage, 2 sources: The center frames this as a significant but conditional step — noting the funding gap and industry caution alongside the strategic urgency of rebuilding depleted stockpiles.
What’s next: Congressional appropriation is required before RTX can invest fully in workforce, supply chain, and facilities.
- The contract falls under the Pentagon's 'Arsenal of Freedom' production initiative.
- Will Congress appropriate the full $20.7 billion needed to activate the contract at scale?
- How quickly can Raytheon expand supplier capacity to meet the 1,900-missile annual target?