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FinanceRaytheon has been awarded a $22.9 billion, 7-year contract by the U.S. Department of War to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy. The contract, part of the Arsenal of Freedom program, aims to ramp annual production to over 1,000 missiles and associated support, ensuring a stable supply for the Navy and allies. RTX, Raytheon's parent company, delivered three times more Tomahawks in the first half of 2026 compared to the same period in 2025. The company is investing in workforce, technology, supply chain, and facilities to boost capacity and meet surging demand. Tomahawk missiles are described as the Navy's most important strike weapon, providing long-range, proven strike capability from various launch platforms.
Naval NewsWestern
US Awards Raytheon $22.9 Billion to Ramp Tomahawk Missile Production