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Explain this story: Pentagon Awards Raytheon Up to $20.7 Billion Deal to Ramp Up AMRAAM Missile Production Amid Stockpile Crunch
The Pentagon has awarded RTX subsidiary Raytheon a contract worth up to $20.7 billion to accelerate the production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). This move addresses concerns about dwindling U.S. missile stockpiles, which have been depleted due to conflicts and aid to allies. Raytheon had previously aimed to nearly double AMRAAM production, and this new deal is part of the Pentagon’s "Arsenal of Freedom" initiative to replenish essential munitions.
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The Pentagon has awarded RTX subsidiary Raytheon a contract worth up to $20.7 billion to accelerate the production of Advanced Medium-Range Air-to-Air Missiles (AMRAAM). This move addresses concerns about dwindling U.S. missile stockpiles, which have been depleted due to conflicts and aid to allies. Raytheon had previously aimed to nearly double AMRAAM production, and this new deal is part of the Pentagon’s "Arsenal of Freedom" initiative to replenish essential munitions.
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Published Sep 29, 2026, 05:08 ET · on this site +1h 35m