Raytheon Wins $22.9B Tomahawk Contract
The U.S. Navy awarded RTX’s Raytheon a $22.9 billion, seven-year contract to accelerate Tomahawk missile production under the Arsenal of Freedom, aiming to lift annual output to more than 1,000 missiles and secure a stable supply for the Navy and allies. RTX says it will invest in facilities, workforce, and suppliers to meet rising demand, with early production up in 2026.
