Raytheon's $1.2B Contract for AMRAAM Missile Production: A Major Military Tech Advancement
Raytheon Secures Major Contract
Raytheon (RTX) has been awarded a $1.2B firm-fixed-price and incentive modification contract for the production of the AMRAAM missile, strengthening its position in military technology. This contract represents a crucial step in ongoing defense innovations.
Understanding the Implications
The awarded contract encompasses the production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). The expected completion date is set for December, illuminating Raytheon's enduring role in military advancements.
- Major contract worth $1.2B
- Focus on AMRAAM missile production
- Completion timeline: December
This contract not only signifies an investment in military technology but also reflects the increasing demand for advanced defense systems globally.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.