https://www.live-feeds.com/feed/pentagon-awards-raytheon-up-to-20-7-billion-to-nearly-double-amraam-productionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/pentagon-awards-raytheon-up-to-20-7-billion-to-nearly-double-amraam-productionhttps://www.live-feeds.com/feed/pentagon-awards-raytheon-up-to-20-7-billion-to-nearly-double-amraam-production#u97258Sat, 03 Oct 2026 15:36:59 +0000The Pentagon awarded RTX business Raytheon a provisional multiyear contract worth up to $20.7 billion to build Advanced Medium-Range Air-to-Air Missiles. The five-year agreement includes option years and aims to nearly double production rates. This major weapons supply chain investment arrives as the military works to replenish depleted stockpiles driven down by conflicts in Ukraine and the Middle East, including the Iran war. RTX stock moved higher overnight following the deal announcement.Why it mattersThe Advanced Medium-Range Air-to-Air Missile is utilized extensively in jet fighter combat