RTX Awarded $1.19B AMRAAM Contract – The Largest AMRAAM Award To-Date | Aviation

Raytheon Lands $1.19B Contract for AMRAAM Production Lot 38, Expanding Global Reach and Capabilities.

Raytheon is making the news these days: after receiving a $1B contract to upgrade the F-22 sensors and being fined 200M because its employees inadvertently divulged technical secrets and traded in aerospace components pertaining to nearly every major aircraft and missile system in its military with Russia, Iran and China, the company was awared a $1.19B contract by DoD on Sept. 11, 2024.

“Raytheon Co., Tucson, Arizona, has been awarded a $1,195,985,081 firm-fixed-price, incentive modification (P00007) to a previously awarded contract (FA8675-23-C-0037) for Advanced Medium Range Air-to-Air Missile (AMRAAM) Production Lot 38.

This modification adds additional production of the AMRAAM missiles, AMRAAM telemetry system, initial and field spares, and other production engineering support hardware and activities.

Work will be performed in Tucson, Arizona, and is expected to be completed by Dec. 31, 2028.

This contract involves Foreign Military Sales to Bahrain, Bulgaria, Canada, Finland, Germany, Hungary, Italy, Japan, Norway, Switzerland, Ukraine, and United Kingdom. F

iscal 2024 missile procurement funds in the amount of $323,807,617; fiscal 2024 (Navy) weapons procurement funds in the amount of $262,102,997; fiscal 2024 (Navy) research and…”