US awards Raytheon up to $20.7 billion AMRAAM missile contract

Washington, Sep 29 (UNI) The US Department of War has awarded Raytheon a contract worth up to USD 20.7 billion to produce AMRAAM air-to-air missiles for the United States and allied countries, in a move aimed at expanding production capacity amid rising demand. The five-year contract, awarded on September 25 and announced three days later, includes options for an additional two years. The USD 20.7 billion figure represents the maximum potential value of the agreement and does not constitute an immediate expenditure, the department said. The award covers requirements for the US Air Force and Navy as well as international…