News
August 17, 2026
TUCSON, Ariz. Raytheon reports that it will accelerate the production of Tomahawk cruise missiles for the U.S. Navy under the terms of a seven-year, $22.9 billion contract.
Raytheon had already been working on contracts to supply Tomahawks to the U.S. Department of Defense (DoD); the new contract, according to the company announcement, will support additional capacity investments and deeper collaboration with hundreds of small and midsized suppliers across the U.S.
The announcement from Raytheon (an RTX company) states that the contract is structured as a multi-year production framework that can support investments throughout the manufacturing and supplier base rather than requiring the company to scale around shorter procurement cycles.
The Tomahawk — a long-range cruise missile that can be launched from multiple platforms and used against high-value targets at standoff distances — has been deployed operationally fsince the 1980s.
Featured Companies
