Raytheon (RTX)

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Pentagon awards Raytheon record multi-year contract to ramp up AMRAAM production

Prime contractor on the $20.7 billion AMRAAM program

Raytheon will build AIM-120 AMRAAM missiles at record rates under a five-year contract worth up to $20.7 billion, with two option years. The deal targets 1,900 missiles per year for the US Air Force, Navy, and 16 allied countries.

Updated 1 hour ago

A rocket-motor factory rises in rural Florida—and the U.S. is racing to unchoke missile production

Built World

Demand driver and supply-chain architect seeking additional SRM sources and dual-sourcing options.

Parsons just landed a task order worth more than $100 million to help Nammo design and manage construction of a new rocket-motor manufacturing facility in Perry, Florida. That sounds like a normal contract win—until you remember rocket motors are one of the parts the U.S. keeps running short of when wars drag on.

Updated May 15