RTX says Raytheon unit won up to $20.7 billion AMRAAM multiyear contract

RTX said Monday that its Raytheon unit has received a contract worth up to $20.7 billion to produce AIM-120 AMRAAM missiles, one of the largest munitions awards disclosed this year as the U.S. government presses to expand missile output.

In a Sept. 28 press release datelined Tucson, Arizona, RTX described the award as “a five-year multi-year contract with two option years valued up to $20.7 billion.” The company said the deal will help accelerate AMRAAM production to “record-setting levels” under the Department of War’s “Arsenal of Freedom” munitions-production push. RTX also said demand is being driven by the U.S. Air Force, the U.S. Navy and international partners.

A key caveat is that the award details were announced publicly by RTX, but as of Monday evening no matching Department of War or Defense.gov contract notice, federal procurement database entry or RTX SEC filing duplicating the $20.7 billion language was publicly visible. That means the existence and structure of a multiyear AMRAAM award are supported by broader government procurement documents, while the specific contract value and award announcement available Monday came from the company’s statement.

Those public records do line up with the broad outline RTX described. A government presolicitation for AMRAAM production outlined a sole-source approach to Raytheon and a possible seven-year structure consisting of a five-year multiyear procurement with two one-year options. Budget materials for fiscal 2026 and fiscal 2027 also discuss multiyear AMRAAM procurement planning and factory capacity of about 1,900 missiles a year.

RTX said an earlier 2026 framework agreement supports annual production of at least 1,900 AMRAAMs and that the company nearly doubled output in 2025 compared with 2024. The company said it has invested in its workforce, technology, facilities and supplier base to keep expanding production.

The latest award follows five framework agreements Raytheon and the Department of War announced on Feb. 4, 2026, covering production growth for Tomahawk, AMRAAM, SM-3 IB, SM-3 IIA and SM-6 missiles. It also fits a broader pattern of using long-term contracts to give defense manufacturers more predictable demand and justify factory expansion. In August, RTX announced a separate Tomahawk multiyear award worth $22.9 billion, underscoring the scale of the Pentagon’s current munitions buying push.

AMRAAM, short for Advanced Medium Range Air-to-Air Missile, is a radar-guided beyond-visual-range missile used by the United States and many allies. Because it equips frontline fighter aircraft and is also bought by foreign partners, production capacity has become a closely watched measure of how quickly the U.S. defense industrial base can replenish inventories and meet allied demand.

Phil Jasper, president of Raytheon, said in the release that AMRAAM remains a key air-combat weapon for the United States and its allies and that the company is continuing to invest in its workforce, supply chain, technology and facilities to “rapidly scale production capacity and meet surging demand” from U.S. and international customers.