In TrendsStock MarketStocks to WatchLPG PriceflydubaiNifty OutlookGold and Silver Prices TodayOil PricesPentagon awards RTX's Raytheon $20.7 billion contract for AMRAAM missiles amid stockpile concernsPentagon awards RTX's Raytheon a $20.7 billion contract to boost AMRAAM missile production, replenishing stockpiles for global defense needs.By Reuters October 2, 2026, 12:08:16 PM IST (Published)The Pentagon awarded RTX’s Raytheon business a provisional multiyear contract worth $20.7 billion to accelerate production of AMRAAM missiles, as the military pushes to replenish stockpiles depleted by conflicts in the West Asia and Ukraine.The US has supplied large quantities of weapons to allies while also using munitions in its own military operations in Iran, raising concerns about inventories of key air defense and precision-guided weapons.The AMRAAM is used in air-to-air jet fighter combat as well as in the National Advanced Surface-to-Air Missile System (NASAMS), which is used to defend the Washington area and is used by more than a dozen other countries, including Ukraine, Oman and Qatar.The prospective AMRAAM deal is the latest in a series of large munitions contracts the Pentagon has pursued this year to pressure contractors into ramping output up faster. The award follows a similar pattern to a $58.6 billion Patriot interceptor deal awarded to Lockheed…
Original source: https://www.cnbctv18.com/technology/
