Raytheon awarded $250 million contract for missile production collaboration in Japan

From Nasdaq: 2025-06-24 08:13:00

Raytheon, an RTX business, has secured a $250 million contract from Mitsubishi Electric Corporation in Japan for ESSM Block 2 licensed production. The contract includes missile kits, parts, technical support, and components for missile production at MELCO in Japan. ESSM Block 2 is a ship-launched guided missile with increased maneuverability and improved performance. Japan is a customer nation of ESSM, managed by the NATO SEASPARROW Consortium.

This news highlights the ongoing collaboration between Raytheon and Mitsubishi Electric Corporation in Japan for the production of advanced missiles.



Read more at Nasdaq: Raytheon Awarded $250 Mln Contract From Mitsubishi Electric