Pentagon awards $20.7B Amram missile contract
The U.S. Department of Defense (Pentagon) has announced a $20.7 billion contract awarded to Raytheon to accelerate the production of the Stinger missile, aimed at replenishing the stockpile depleted by its use in military operations in the Middle East and Ukraine. The contract's goal is to increase the production of missiles used in aerial combat and air defense, as part of the Pentagon's efforts to ensure sufficient ammunition supplies after significant depletion. It is expected that Raytheon will nearly double its production output by 2025. This move reflects a focus on strengthening air defense capabilities within the United States and among its allies, although full funding has not yet been secured from Congress, which has not allocated the necessary funds for a multi-year commitment.
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