Pentagon awards $20.7B deal to ramp AMRAAM production to 1,900 missiles a year

Raytheon secured a multiyear U.S. defense contract worth up to $20.7 billion to produce AMRAAM missiles. The five-year agreement, with two option years, could support annual output of at least 1,900 missiles.

• The $20.7B deal covers five years of production plus two option years
• Target output is at least 1,900 AMRAAM missiles per year
• Raytheon nearly doubled AMRAAM output in 2025 versus 2024
• AMRAAM serves 44 countries across 14 platforms, including NASAMS