Raytheon Gets $23B Navy Contract to Boost Tomahawk Missile Production
RTX said the seven-year deal will help lift Tomahawk output above 1,000 missiles a year as the Pentagon rebuilds weapons stocks.
- On Monday, the U.S. military awarded Raytheon, an RTX unit, a $22.9 billion contract to increase annual Tomahawk missile production from about 60 to more than 1,000 missiles per year.
- The war with Iran has placed "unprecedented strain on inventories," prompting the Pentagon to rebuild stocks through the "Arsenal of Freedom" strategy under the Acquisition Transformation Strategy.
- Acting Navy Secretary Hung Cao said the deal will accelerate production at "unprecedented speed" to meet operational demands, with RTX collaborating with hundreds of small and mid-sized suppliers nationwide.
- President Donald Trump is brokering multi-year deals with major contractors, discussing ways to involve General Motors and Ford in defense manufacturing to expand production capacity.
- While the agreement formalizes a framework signed in February, production cycles can take 18 to 24 months, ensuring warfighters maintain lethal firepower despite current operational demands.
12 Articles
12 Articles
Pentagon Inks $22.9 Billion Raytheon Deal to Boost Tomahawk Production
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The Navy has awarded Raytheon a $22.9 billion contract Monday to ramp up Tomahawk production, a seven-year deal meant to take the company from about 60 missiles a year to more than 1…
RTX (NYSE: RTX) Secures $22.9 Billion Tomahawk Cruise Missile Contract With U.S. Navy In Seven-Year Production Deal
RTX (NYSE: RTX) unit Raytheon has landed a landmark $22.9 billion contract with the U.S. Navy to produce Tomahawk cruise missiles over a seven-year period. The agreement represents one of the largest single missile production awards in recent memory, cementing Raytheon’s central role in American naval strike capability. Under the terms of the contract, Raytheon is required to ramp production to more than 1,000 Tomahawk missiles per year, a signi…
U.S. Navy Awards Raytheon $22.9 Billion Deal To Boost Tomahawk Missile Production
Image Credits: Wikipedia The U.S. military has awarded Raytheon, a unit of RTX, a $22.9 billion contract to increase production of Tomahawk missiles as it works to rebuild its stocks of high-tech weapons. The seven-year deal will allow Raytheon to produce more than 1,000 Tomahawk missiles a year, up from about 60 currently, the company said. The United States has supplied large amounts of weapons to allies and has also used munitions in the Iran…
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