Raytheon Receives $1.15 Billion Worth AIM-120 Order
The total contract worth is USD 1.15 billion; it includes producing D-3 and C-8 variants of the AIM-120, which have a reported range of 160-180 km. The company notes this is the most significant AMRAAM missile contract it has received to date, and the fifth one within the Form, Fit, Function Refresh (F3R) program, namely an updated version of the missile with improved electronics and software. To fulfil this order, the company will expand its production capacities.
The AMRAAMs will be used by the U.S. Air Force and Navy and sold to 18 countries, including Ukraine.
It is not disclosed how many missiles will be produced under this contract. However, in March 2023, the Pentagon published a report on the planned weapons procurement in fiscal year 2024. According to the document, 831 AMRAAM missiles were intended for acquisition for $1.14 billion.
With that, the price for an AIM-120 AMRAAM missile in its latest configurations is roughly $1.37 million as of the fiscal year 2024. The export price may vary according to many conditions.