AI-assisted summary
Raytheon secured a $1.1 billion contract with the U.S. Navy to increase production of the AIM-9X Block II missile.
The contract will boost annual AIM-9X missile production from 1,400 to 2,500, benefiting Raytheon's Tucson operations.
The AIM-9X is a short-range, infrared-tracking missile used by the U.S. and other nations.
Raytheon has won a new $1.1 billion contract from the U.S. Navy to produce advanced missiles, the latest and largest award for the program and a favorable development for Tucson, where most of the weapons will be made.
The contract will boost Raytheon’s yearly production from 1,400 of its AIM-9X Block II missiles currently to 2,500 missiles annually.
The AIM-9X is an advanced infrared-tracking, short-range missile that can be deployed air-to-air