Raytheon awarded $163 million AMRAAM contract

Raytheon Company (NYSE: RTN) was awarded a $163,223,113 fixed-price/fixed-price-incentive/cost-plus-incentive contract for Advanced Medium Range Air-to-Air Missiles (AMRAAM) Program Support and Sustainment (PSAS). The PSAS contract provides sustaining engineering, program management, contractor logistics support and accomplishes the diminishing manufacturing sources and material shortage tasks of extending the life of the AMRAAM Central Processing Unit.

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