Pentagon Awards Raytheon $22.9 Billion Contract to Boost Tomahawk Missile Production 17-Fold

The US Navy awarded Raytheon a $22.9 billion, seven-year contract to ramp up production of Tomahawk cruise missiles from roughly 60 per year to more than 1,000 per year, formalizing a framework agreement signed in February. Acting Navy Secretary Hung Cao said the deal 'ensures our warfighters continue to have the lethal firepower they need' and will accelerate missile delivery at 'unprecedented speed.' The contract reflects Pentagon concern over depleted precision-munitions stockpiles after sustained Tomahawk use in the Iran campaign alongside continued arms transfers to allies.