Navy awarded $22.9B contract to Raytheon to accelerate Tomahawk missile production
Summary
The U.S. Navy gave a $22.9 billion contract to Raytheon to speed up making Tomahawk missiles. This action comes after the Navy faced a shortage of these missiles following the start of the war in Iran.Key Facts
- The Navy awarded the contract on Monday.
- Raytheon is the company receiving the contract.
- The contract is worth $22.9 billion.
- The goal is to increase Tomahawk missile production.
- The missile shortage happened after the Iran war began.
- The contract supports rebuilding the defense industry.
- Acting Secretary of the Navy Hung Cao announced the contract.
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