Raytheon Awarded $528 M AMRAAM Contract

Raytheon Company (NYSE: RTN) was awarded a $528,797,459 fixed-price incentive, firm target contract modification for Advanced Medium Range Air-to-Air Missiles (AMRAAM). Raytheon will provide AMRAAM Lot 29 missiles and other AMRAAM system items. This contract involves foreign military sales.

Work will be performed in Tucson and is expected to be complete by January 2018. This award was booked in the first quarter 2015.

About AMRAAM
AMRAAM is a combat-proven missile that has demonstrated operational flexibility in both air-to-air and surface-launch engagement scenarios and provides today's warfighter with enhanced operational capability, cost effectiveness and future growth options/solutions. Procured by 36 countries, the combat-proven AMRAAM has been operational and integrated on the F-16, F-15, 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 National Advanced Surface-to-Air Missile System.

Source: Raytheon Corporation (NYSE: RTN)
Date: Mar 31, 2015