Raytheon Technologies awarded $264M contract for Sidewinder missile production.

Raytheon Technologies has been awarded a $264 million contract by the US Navy to produce and deliver 571 short-range AIM-9X Sidewinder missiles, with the bulk of the work to be completed by August 2026. The Sidewinder modification is a triple-threat missile that can be used for air-to-air engagements, surface-attack and surface-launch missions, and has 31 foreign military sales partners. However, Raytheon also announced that it will take a $500 million hit to free cash flow due to supply chain issues with the GTF engine made by its Pratt & Whitney subsidiary.