Raytheon Technologies secures $518.44M AMRAAM Contract

Raytheon Technologies has been awarded a ~$518.44M firm-fixed-price, incentive contract for Advanced Medium Range Air-to-Air Missile (‘AMRAAM’) Production Lot 34, with priced options for Lots 35 and 36.Contract provides for the production of the Lot 34 AMRAAMs, Captive Air Training Missiles, guidance sections, AMRAAM Telemetry System, initial and field spares, and other production engineering support hardware and activities. Work to be performed in Tucson, Arizona, and is expected to be completed Dec. 31, 2023. The contract involves unclassified Foreign Military Sales.

Source: Raytheon Technologies secures $518.44M Air Force contract | Seeking Alpha