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Raytheon Wins $491 Million Air Force Contract for AMRAAMs

Tuesday, January 6th, 2015

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The U.S. Air Force awarded Raytheon [RTN] a $491 million fixed-price incentive firm type contract for Advanced Medium Range Air to Air Missile (AMRAAM) production, the company said on Dec. 23.This award is the result of a sole-source acquisition.Raytheon is to provide AMRAAM missiles and other system items. This includes the captive air training missile, common munitions bit/reprogramming equipment, and non-developmental item airborne instrumentation unit.The contract includes foreign military sales to South Korea, Oman, Singapore and ThailandThe work is to…

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