Business & Economics
U.S. Navy Signs $22.9 B, 7-Year Deal to Multiply Tomahawk Output 15-Fold
On 17 Aug 2026 the Navy inked a seven-year, $22.9 billion contract with RTX’s Raytheon to raise annual Tomahawk cruise-missile production from roughly 60 to over 1,000 units.
Focusing Facts
- Contract value: $22.9 billion, duration: 2026-2033, awarded under the “Arsenal of Freedom” initiative.
- RTX tripled deliveries in 1H 2026 versus 1H 2025 and plans >$3.1 billion in 2026 capital spending to support the surge.
- Previous framework agreement signed 4 Feb 2026 set the production ramp goals now formalized by this award.
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Perspectives in this article
- Defense trade publications
- Financial and investor-focused outlets
- Right-leaning national-security media