Raytheon Awarded $491 M for AMRAAM
Raytheon Company (NYSE: RTN) is being awarded a fixed-price contract $491,478,068 for the Advanced Medium Range Air to Air Missile. The contract is for the production of the AMRAAM® missile and other AMRAAM system items, including the captive air training missile, common munitions bit/reprogramming equipment and non-developmental item airborne instrumentation unit.
The contract includes foreign military sales to Korea, Oman, Singapore and Thailand.
Air and Missile Defense Radar (AMDR) Market - Global Forecast to 2021
Work will be performed in Tucson and is expected to be completed by February 2017.
AMRAAM is a combat-proven missile that demonstrates operational flexibility in both air-to-air and surface-launch scenarios and provides today's military forces with enhanced operational capability, cost effectiveness and future growth options. Procured by 36 countries, the combat-proven AMRAAM® has been integrated on the F-15, F-16, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier, F-4 and the Joint Strike Fighter aircraft. It is also the baseline missile for the NATO-approved National Advanced Surface-to-Air Missile System.
Source : Raytheon Corporation (NYSE: RTN) - view original press release