U.S. Awards Raytheon $22.9 Billion to Boost Tomahawk Missile Production
The U.S. Navy awarded RTX’s Raytheon a $22.9 billion, seven-year contract to ramp up Tomahawk cruise missile production from 60 to over 1,000 annually, aiming to rebuild stocks depleted by the Iran conflict and arms supplies to allies. The deal, announced by Acting Navy Secretary Hung Cao, formalizes a February framework under the Trump administration’s Arsenal of Freedom initiative. RTX has already tripled deliveries in early 2026 and is investing $3.1 billion in facilities, including in Tucson, Arizona.
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Raytheon to dramatically expand Tomahawk production under $22.9 billion deal
The U.S. Navy has awarded Raytheon a $22.9 billion, seven-year contract to dramatically accelerate production of the Tomahawk cruise missile, aiming to ramp annual output from 60 to over 1,000 missiles per year. The deal comes amid reports that the ongoing war with Iran has placed unprecedented strain on U.S. weapons stockpiles, with the Center for Strategic and International Studies estimating that more than 1,000 Tomahawks have been fired during the conflict—roughly one-third of the pre-war inventory of just over 3,000 missiles. Acting Navy Secretary Hung Cao stated the Pentagon is using every available tool to meet current operational demands. Raytheon will collaborate with hundreds of small and mid-sized suppliers to achieve the production surge, though the process from order to completion can take 18 to 24 months.
US military awards $22.9 billion contract to Raytheon to ramp up Tomahawk missile production after Iran conflict depletion
The US military has awarded a $22.9 billion contract to RTX's Raytheon to dramatically increase Tomahawk cruise missile production to over 1,000 units annually over seven years. This follows the depletion of hundreds of these long-range munitions during the conflict with Iran, which began with Operation Epic Fury in late February. The Center for Strategic and International Studies estimated that American forces expended more than 1,000 Tomahawks by late May. Acting US Navy Secretary Hung Cao stated the contract will accelerate delivery to warfighters. The Tomahawk, a subsonic cruise missile with a 1,000-mile range, is used by the US Navy, Army, and allies. RTX has already tripled deliveries in the first half of 2026 compared to the previous year. Officials warn it will take years to replenish stockpiles, as these precision munitions are considered essential for a potential conflict with China.
US awards Raytheon $22.9 billion deal to boost Tomahawk output
The U.S. military awarded RTX unit Raytheon a $22.9 billion contract to dramatically increase Tomahawk missile production, aiming to rebuild depleted stocks after supplying arms to allies and using munitions in the Iran conflict. Acting Secretary of the Navy Hung Cao announced the deal, which will run for seven years and boost annual Tomahawk output from 60 to over 1,000 missiles. The sea-launched Tomahawk provides long-range precision strike capability for Navy surface ships and submarines. The contract formalizes a framework agreement signed in February, part of the Trump administration's strategy to secure multi-year deals with major defense contractors to invest in new facilities and equipment. Earlier in August, similar deals were signed to ramp up production of Patriot and THAAD interceptor missile parts.
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US awards Raytheon $22.9 billion deal to boost Tomahawk output
The U.S. military awarded RTX unit Raytheon a $22.9 billion contract to dramatically increase production of Tomahawk cruise missiles, aiming to rebuild depleted stocks after supplying arms to allies and using munitions in the Iran conflict. Acting Secretary of the Navy Hung Cao announced the deal, which will run for seven years and boost annual Tomahawk output from 60 to over 1,000 missiles. The sea-launched Tomahawk provides long-range precision strike capability for Navy surface ships and submarines. The contract formalizes a framework agreement signed in February, part of broader multi-year deals by the Trump administration to incentivize defense contractors to invest in new facilities. Similar agreements were recently signed to ramp up production of Patriot and THAAD interceptor missile parts.
US Awards Raytheon $22.9 Billion Deal to Boost Tomahawk Missile Production
The U.S. military has awarded RTX unit Raytheon a $22.9 billion contract to dramatically increase production of Tomahawk cruise missiles, aiming to rebuild depleted stocks after supplying arms to allies and using munitions in the Iran conflict. Acting Secretary of the Navy Hung Cao announced the deal, which will run for seven years and boost annual Tomahawk output from 60 to over 1,000 missiles. The sea-launched Tomahawk provides long-range precision strike capability for the Navy's surface fleet. The contract formalizes a framework agreement signed in February and is part of broader Trump administration efforts to secure multi-year deals with major defense contractors, including recent agreements to ramp up production of Patriot and THAAD interceptor parts.
US awards Raytheon $22.9 billion deal to boost Tomahawk output
The U.S. military awarded RTX unit Raytheon a $22.9 billion contract to dramatically increase production of Tomahawk cruise missiles, aiming to rebuild depleted stocks after supplying arms to allies and using munitions in the Iran conflict. Acting Secretary of the Navy Hung Cao announced the deal, which will run for seven years and boost annual Tomahawk output from 60 to over 1,000 missiles. The sea-launched Tomahawk provides long-range precision strike capability for Navy surface ships and submarines. The contract formalizes a framework agreement signed in February, part of the Trump administration's strategy to secure multi-year deals with major defense contractors to invest in new facilities. Similar agreements were recently signed to ramp up production of Patriot and THAAD interceptor missile parts.
Raytheon wins $22.9 billion contract to boost Tomahawk missile production
Raytheon, an RTX business, announced a $22.9 billion, seven-year contract from the U.S. Navy to accelerate Tomahawk cruise missile production under the Department of War's Arsenal of Freedom initiative. The deal follows framework agreements signed in February targeting annual output of over 1,000 Tomahawks, a significant increase from roughly 60 per year previously. RTX reported delivering three times more Tomahawks in the first half of 2026 than in the same period in 2025. The company is investing $3.1 billion in capital spending in 2026 to support production increases across its munitions lines, including facilities in Tucson, Arizona. The Tomahawk missile, capable of striking targets up to 1,000 miles away, has been flight tested over 550 times and used operationally more than 2,300 times. The contract also covers support services and supplier investments with hundreds of small and mid-sized suppliers nationwide.