Raytheon awarded $491 million contract for AMRAAM®

Raytheon press release.

Photo - Wikimedia commons
AIM-120 AMRAAM (right) fitted in a weapons bay of a F-22 Raptor

 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.

Work will be performed in Tucson and is expected to be completed by February 2017.