Raytheon has received a contract from the Air Force for nearly $270 million to produce 500 Advanced Medium Range Air-to-Air Missiles—for foreign military sales to Pakistan. The company must complete the work by April 2011.
Secretary of Defense Pete Hegseth vowed to undertake far-reaching reforms on the way the U.S. military buys weapons, promising a sweeping overhaul of the way the Defense Department determines requirements, handles the acquisition process, and tests its kit. The fundamental goal, which Hegseth underscored in a 1-hour and 10-minute speech…
