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US Air Force awards RTX $1.15 billion for latest AMRAAM configuration

Published: 2023-06-20 22:25:00 ET

TUCSON, Ariz., June 20, 2023 /PRNewswire/ -- RTX (NYSE: RTX) was awarded a $1.15 billion contract for AIM-120 D-3 and C-8 AMRAAM® missiles. This is the largest AMRAAM missile contract to date and the fifth production lot of the highly advanced missiles developed under the Form, Fit, Function Refresh, also known as F3R, which updates both the missile's hardware and allows for Agile software upgrades.

"We recognize AMRAAM is the most advanced, combat-proven missile, and we owe it to the warfighters to ensure they have the technology they need when they need it," said Paul Ferraro, president of Air Power for Raytheon. "Be it air-to-air or surface-to-air, AMRAAM continues its proud legacy with greater power and precision than ever before with this contract."

In addition to providing missiles to both the U.S. Air Force and U.S. Navy, the contract also supplies AMRAAM all-up-rounds and/or spares to 18 countries, including Ukraine, extending the production line for both the U.S. and Allied partners.

Under the F3R program, engineers used model-based systems engineering initiatives and other digital technologies to upgrade multiple circuit cards and other hardware in the guidance section of the missile and to re-host legacy software in the AIM-120 D-3 and AIM-120 C-8 AMRAAMs.

For questions or to schedule an interview, please contact:Savanah Brayrmdpr@rtx.com

About RTXRTX is the world's largest aerospace and defense company. Our global team of 180,000 employees pushes the limits of known science and redefines how we connect and protect our world. We are advancing aviation, building smarter defense systems and creating innovations to take us deeper into space. Effective July 1, the company will complete its realignment into three customer-focused business units — Collins Aerospace, Raytheon and Pratt & Whitney. The company, with 2022 sales of $67 billion, is headquartered in Arlington, Virginia.

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SOURCE Raytheon Technologies

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.