RTX enters five framework agreements with DoW to increase munitions capacity

Raytheon, an RTX (RTX) business, entered into five framework agreements with the U.S. Department of War to significantly increase production capacity and speed deliveries of Land Attack and Maritime Strike variants of Tomahawk, AMRAAM missiles, Standard Missile-3 Block IB interceptors, Standard Missile-3 Block IIA interceptors and Standard Missile-6. As global demand for these precision munitions continues to grow, these up-to-seven-year agreements establish frameworks to build on the company’s previous investments to expand production. Under the frameworks announced, RTX will increase annual production of Tomahawks to more than 1,000, AMRAAMs to at least 1,900, and SM-6 to more than 500. RTX will also increase production of SM-3 IIA and accelerate production of the SM-3 IB. Many of these munitions will grow 2 to 4 times their existing production rates.