Raytheon wins $573 million U.S. Air Force contract for military fighter jet missiles

TUCSON, Ariz., 18 March 2016. Raytheon Company (NYSE:RTN) in Waltham, Mass., won a $573 million U.S. Air Force contract modification to exercise the option on a previously awarded contract for Advanced Medium Range Air-to-Air Missiles (AMRAAM), integrated on a variety of military fighter jets, including the F-16, F-15, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier, F-4, and Joint Strike Fighter (JSF) aircraft.

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.

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, specializes 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.

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