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Pentagon awards Raytheon $20.7B AMRAAM production contract

By Drooid · Oct 1, 2026, 6:08 PM UTC · How we work

Summary

Pentagon awards Raytheon

The Pentagon awarded Raytheon a multiyear contract worth up to $20.7 billion to accelerate AMRAAM production.
$240 million was drawn from Air Force and foreign-military-sales accounts at award.
Congress has not yet appropriated the full amount, so $20.7 billion is a ceiling.
The deal includes the Air Force, Navy and 16 foreign customers, including Taiwan.
It aims to double AMRAAM output to at least 1,900 missiles per year.

Summary

RTX Shares Rise

RTX shares rose about 1% after the AMRAAM contract announcement, marking a rare gain amid four weeks of declines.
The stock is up over 2% YTD and trades at a 12-month price-to-sales of 2.51×, above industry average.
RTX reported 2025 sales of more than $88 billion, supporting its capacity to invest in missile production and workforce expansion.

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Pentagon awards Raytheon

The Pentagon awarded Raytheon a multiyear contract worth up to $20.7 billion to accelerate AMRAAM production.
$240 million was drawn from Air Force and foreign-military-sales accounts at award.
Congress has not yet appropriated the full amount, so $20.7 billion is a ceiling.
The deal includes the Air Force, Navy and 16 foreign customers, including Taiwan.
It aims to double AMRAAM output to at least 1,900 missiles per year.

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