Michael Duffey

Force in Play

Leads the Arsenal of Freedom initiative

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 Sep 29

Money Moves

Leading acquisition transformation strategy

For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.

Updated May 22