Raytheon Technologies Awarded $495M IDIQ to Support Air Force Missile Program

Raytheon Technologies (NYSE: RTN) will help the U.S. Air Force sustain its advanced medium-range air-to-air missile program under a potential six-year, $495M contract.

The company will repair items, perform logistics work, analyze service life predictions and provide programmatic support for the AMRAAM program, the Department of Defense said Wednesday.

USAF is using fiscal 2020 research, development, test and evaluation funds to cover the initial $989,450 task order.

Contract work will take place in Tucson, Ariz., through June 30, 2026.

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