RTX subsidiary wins $1.1B Navy contract modification

Raytheon, a subsidiary of Arlington County-based Fortune 500 aerospace and defense contractor RTX, has received a $1.1 billion contract modification from the U.S. Navy to manufacture AIM-9X Block II missiles.

This is the largest contract awarded for the program, according to RTX, and will increase production to 2,500 missiles per year. The company describes the AIM-9X as “the most advanced infrared-tracking, short-range, air-to-air and surface-to-air missile.”

“This award represents a historic milestone for the AIM-9X program, further emphasizing its importance to the U.S. and partnered nations,” Barbara Borgonovi, president of Naval Power at Raytheon, said in a statement. “Through our partnership with the U.S. Navy, we are well-positioned to support this increased demand.”

According to the Department of Defense, other components of the contract modification include support equipment, maintenance and sectionalization kits, spare parts and containers.

Work will be performed at numerous sites throughout the country and is expected to be completed by October 2028. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

RTX has more than 185,000 employees globally and reported more than $80.73 billion in 2024 sales. The contractor is Virginia’s second-highest ranked company on the 2025 Fortune 500.