August 17, 2026

U.S. Navy Awards Raytheon $22.9 Billion Contract to Boost Tomahawk Missile Production

The $22.9 billion contract will increase Tomahawk missile production from 60 to over 1,000 missiles annually.
The deal is part of efforts to address concerns over U.S. weapons inventories as military aid to allies continues.
The contract follows a preliminary agreement reached in February and aims to enhance the defense industrial base.

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