USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders

The US Air Force awarded Raytheon a contract with a ceiling of $20.7 billion to produce AIM-120 Advanced Medium-Range Air-to-Air Missiles for American and foreign customers. The multiyear arrangement covers five base years and two option years, while supporting plans to lift annual output to at least 1,900 missiles. Because the headline figure is a maximum value rather than guaranteed spending, actual revenue will depend on orders placed as the United States and partner nations rebuild inventories. The production objective also shows how sharply demand has grown across allied air forces and ongoing replenishment programs.