Raytheon Lands $20.7B AMRAAM Contract, Accelerating Missile Production
RTX sits 22% above its 52-week low of $155.64.
Summary
Raytheon, an RTX business, secured a five-year, $20.7 billion multi-year contract with two option years for AMRAAM missiles under the Department of War's Arsenal of Freedom. The award supports annual production of at least 1,900 missiles and follows a July agreement to expand the program with NATO allies. This is a major defense win that locks in long-term revenue and validates RTX's production ramp, which nearly doubled AMRAAM output in 2025. The contract adds to a string of recent large awards, including a $22.9B Tomahawk deal in August, reinforcing RTX's position as a top munitions supplier. Investors will watch for further international co-production agreements and potential upside from option years.
At the time of this announcement, RTX was trading at $189.71 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $252.9B. The 52-week trading range was $155.64 to $226.88. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.