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Pentagon Awards Raytheon $5 Billion Missile Contract Amid China Concerns

10/1/2025

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Summary

Story summary

The U.S. Department of Defense awarded Raytheon a $5.04 billion contract for Coyote Missile System, valid through Sept. 28, 2033.
The contract is part of the $1.01 trillion fiscal year 2026 (FY2026) defense budget prioritizing missile defense.
The Pentagon urges contractors to increase missile production amid concerns about China.
Experts say official munition contracts are necessary, even as demand rises.

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Story summary

The U.S. Department of Defense awarded Raytheon a $5.04 billion contract for Coyote Missile System, valid through Sept. 28, 2033.
The contract is part of the $1.01 trillion fiscal year 2026 (FY2026) defense budget prioritizing missile defense.
The Pentagon urges contractors to increase missile production amid concerns about China.
Experts say official munition contracts are necessary, even as demand rises.