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US awards Raytheon $22.9B Tomahawk deal as Trump dismisses weapons stockpile concerns
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News | RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles
TUCSON, Ariz., Aug. 17, 2026 /PRNewswire/ — Raytheon, an RTX (NYSE: RTX) business, will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period under the terms of an unprecedented $22.9 billion contract, awarded as part of the Department of War's Arsenal of Freedom.
This contract follows the landmark agreements between Raytheon and the Department of War and supports the annual production ramp to more than 1,000 Tomahawk missiles and associated support, ensuring a stable, predictable supply for the Navy and allies.
"Tomahawk is the Navy's most important strike weapon, able to target hostile forces hundreds of miles away without ever risking the lives of our sailors," said Raytheon President Phil Jasper. "We are making significant investments in our workforce, technology, supply chain and facilities to dramatically boost production capacity and meet surging demand."
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