USAF Awards Raytheon $573 M to Continue Building AMRAAM

The U.S. Air Force has awarded Raytheon Company (NYSE: RTN) a $573 million contract modification to exercise the option on a previously awarded contract for Advanced Medium Range Air-to-Air Missiles (AMRAAM).

Work will be performed in Tucson, Arizona, and is expected to be complete by February 2019.

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.

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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 18, 2016