Raytheon still not delivering AIM-120 fast enough to U.S. Air Force, Navy

Raytheon is still struggling to deliver AIM-120 missiles for the Air Force and the Navy. Raytheon had so far delivered 359 missiles out of 552 contracted.

To spur Raytheon to speed up production, the U.S. Air Force is withholding $621 million in payments until deliveries catch up. $202 million has already been withhold for 2007 to 2009.

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