Raytheon Secures $1.2B Contract for AMRAAM Missile Production
Wednesday, 11 September 2024, 21:19
Overview of the Contract
Raytheon (RTX) has been awarded a substantial $1.2 billion firm-fixed-price contract modification for the production of AMRAAM missiles. This contract is crucial for fortifying defense strategies.
Key Details of the Contract
- Total Value: $1.2 billion
- Type: Firm-Fixed-Price, Incentive Modification
- Completion Date: December
Impact on Defense Sector
The award highlights Raytheon's strategic significance in the military defense sector, positioning the firm for continued growth in a competitive market.
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