Pentagon Awards Nearly $23bn For US Navy's 'Most Important Strike Weapon'
Summary
The U.S. Department of Defense awarded Raytheon a nearly $23 billion contract to speed up production of Tomahawk cruise missiles over seven years. This comes after the U.S. used many of these missiles during the war with Iran, reducing its stockpile.Key Facts
- Raytheon received a $23 billion Pentagon contract for Tomahawk missile production.
- The contract covers a seven-year period.
- Raytheon plans to increase annual missile production to over 1,000 units, about five times recent production levels.
- In the first half of 2026, Raytheon produced three times more Tomahawks than in the same period in 2025.
- Tomahawks are long-range cruise missiles launched from ships like U.S. Navy destroyers.
- The U.S. has been using Tomahawks since the 1980s.
- Since February, the U.S. has used nearly half of its Tomahawk stockpile, firing over 1,000 missiles during the Iran war.
- The Tomahawk missile allows the Navy to strike targets from far away without risking sailors’ lives.
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