RTX’s Raytheon has secured a seven-year, $22.9 billion contract to dramatically increase production of Tomahawk cruise missiles for the U.S. Navy, supporting an annual production ramp to more than 1,000 missiles and associated support.
The award is part of the Department of War’s Arsenal of Freedom initiative and represents an unusually large long-term commitment to one of the U.S. military’s most established precision-strike weapons.
The contract is designed to provide a more stable and predictable supply of Tomahawk missiles for both the Navy and allied customers.
RTX has already been investing in workforce, facilities, technology and suppliers to expand Tomahawk production.
Those efforts resulted in Raytheon delivering three times as many Tomahawks during the first half of 2026 as it delivered during the first half of 2025.
The new contract will support additional capacity investments and deeper collaboration with hundreds of small and mid-sized suppliers across the U.S.
Tomahawk is a long-range cruise missile that can be launched from multiple platforms and used against high-value targets at significant distances.
The weapon has been deployed operationally for decades and remains a core component of the U.S. Navy’s long-range strike capabilities.
The award gives Raytheon 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.
RTX employs more than 180,000 people globally and generated more than $88 billion of sales during 2025.
KEY QUOTES:
“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.”
“We are making significant investments in our workforce, technology, supply chain and facilities to dramatically boost production capacity and meet surging demand.”
Phil Jasper, President of Raytheon
