Pentagon awards Raytheon $20.7B AMRAAM contract to replenish depleted stockpiles

The Pentagon has awarded RTX's Raytheon a provisional multiyear contract worth $20.7 billion to accelerate AMRAAM missile production, addressing stockpile depletion from Middle East and Ukraine conflicts. This signals sustained high demand for precision munitions and a shift toward long-term procurement commitments. The contract underscores the ongoing strain on US defense industrial capacity and the strategic priority of rebuilding missile inventories.