US Air Force awards Raytheon $573 million to continue building AMRAAM

Missile work will be completed in Tucson by early 2019

Mar 18, 2016, 08:00 ET from Raytheon Company

TUCSON, Ariz., March 18, 2016 /PRNewswire/ -- 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.

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.

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.

About Raytheon
Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Visit us at and follow us on Twitter @Raytheon.

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SOURCE Raytheon Company