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Air Force

Raytheon’s Behind-Schedule AMRAAM Deliveries Were Due In January

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Raytheon [RTN] was 193 Advanced Medium-Range Air-to-Air Missiles (AMRAAM) behind schedule when it was due in January to deliver its entire order to the Air Force, forcing the service to fine the company more than a half-billion dollars, according to an Air Force spokesman.  As of Feb. 29, Raytheon delivered 359 AIM-120Ds against 552 required by contract—a difference of 193, Air Force Lt. Col. Jack Miller said in an email. Miller said the service fined the company $621 million--$419 million (in…

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