US Awards Raytheon $22.9 Billion Deal to Boost Tomahawk Output
Raytheon will accelerate Tomahawk production to more than 1,000 missiles a year as the Pentagon moves to rebuild depleted U.S. stocks.
- On Monday, the Pentagon awarded Raytheon a $22.9 billion, seven-year contract to significantly accelerate Tomahawk cruise missile production and replenish U.S. stockpiles.
- Persistent concerns about depleted precision-guided munitions inventories prompted the agreement, as U.S. stocks have been slashed by the ongoing conflict with Iran.
- RTX, Raytheon's parent company, raised 2026 capital spending to $3.1 billion to support ramping annual Tomahawk output to more than 1,000 missiles, up from roughly 60 per year.
- Acting Navy Secretary Hung Cao stated the contract will "accelerate Tomahawk missile delivery to our warfighters at unprecedented speed," ensuring lethal firepower.
- Earlier agreements also covered increased production of Patriot, THAAD, and AMRAAM interceptors as the administration of President Donald Trump seeks to stabilize the defense supply chain.
131 Articles
131 Articles
Raytheon Awarded Seven-Year Contract for Tomahawk Cruise Missile
This week, acting Navy Secretary Hung Cao announced that the U.S. Navy has awarded a $22.9 billion contract to Raytheon to accelerate production of Tomahawk missiles amid a munitions shortage due to the Iran war Raytheon announced it will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period...
Raytheon awarded 7-year contract for Tomahawk cruise missiles
Raytheon will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period under the terms of an unprecedented $22.9 billion contract, awarded as part of the U.S. Department of War's Arsenal of Freedom.
RTX Receives $22 Billion Contract to Accelerate Tomahawk Production
The award follows other investments in munitions production capacity aimed at reducing delivery times, strengthening supply chains and supporting U.S. and allied demand. Raytheon, an RTX business, has received a $22.9 billion, seven-year contract from the U.S. Navy to accelerate production of Tomahawk cruise missiles, the company and Department of War announced on Aug. 17, 2026. The contract is part of the Department’s Arsenal of Freedom initiat…
The U.S. War Department announced the signing of an almost $23 billion contract with Raytheon to "accelerate the production of Tomahawk cruise missiles, in the context of a shortage caused by the war in Iran.
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