Military · Tuesday, 18 August 2026
US awards Raytheon $22.9 billion contract for Tomahawk missiles
The U.S. Navy has awarded Raytheon a seven-year, $22.9 billion contract to significantly increase Tomahawk missile production.
TL;DR
Production will scale up to over 1,000 missiles annually, up from the current rate of 60, to replenish stocks depleted by recent conflicts. This landmark contract is part of a broader U.S. effort to rebuild high-tech munitions inventories amid ongoing global security challenges.
Reuters17 Aug, 13:27 BST
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