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Raytheon gets $95.8 million contract

April 17, 2003 (by Lieven Dewitte) - Raytheon received a $95.8 million contract to produce more AIM-120 Advanced Medium Range Air-to-Air Missiles (AMRAAM) for the Air Force, Navy and international customers.
So far, Lexington, Massachusetts-based Raytheon has produced more than 1,000 missiles, for about $430 million, for the firm-fixed price contract. The number of missiles is expected to rise to 5,000 by the end of the contract's six-year life.

This year's contract, made with the U.S. Air Force Air Armament Center Joint Systems Program Office, asks for 206 AMRAAMs, supporting missile deliveries, associated missile warranties and program engineering and logistic services through August 2005.

The contract also covers instrumentation, units and spares.

Raytheon will produce the missiles at its facilities in Tucson, Arizona, and Andover, Massachusetts. Final assembly and delivery will occur in Tucson.