From the Department of Defense:

”Raytheon Missiles and Defense, Tucson, Arizona, has been awarded a $985,348,124 cost-plus-fixed-fee, with performance incentives, task order for the Hypersonic Attack Cruise Missile (HACM). The task order provides for the HACM weapon system design, development and initial delivery through the performance of model-based critical design review, qualification, integration, manufacturing and testing. Work will be performed in Tucson, Arizona, and is expected to be completed by March 2027. This award is the result of a limited sources competition with three sources. Fiscal 2022 research and development funds in the amount of $100,000,000 are being obligated at the time of award. Air Force Life Cycle Management Center, Armament Directorate, Eglin Air Force Base, Florida, is the contracting activity (FA8656-22-F-A071).”

Raytheon beat out competitors such as Lockheed Martin and Boeing.