The Defense Department has awarded Raytheon a multiyear contract worth up to $20.7 billion to build Advanced Medium-Range Air-to-Air Missiles, or AMRAAMs.
The U.S. military, scrambling to rebuild depleted stocks of high-tech weaponry, awarded Raytheon $22.9 billion to dramatically boost Tomahawk production.
Raytheon has announced it will ramp up production of several key missile systems, weeks after Trump threatened to nix the company’s government contracts.