Raytheon wins seven-year Tomahawk cruise missile contract

Raytheon will accelerate production of Tomahawk cruise missiles for the U.S. Navy under a $22.9 billion contract that the company described as unprecedented and part of the Department of War’s Arsenal of Freedom. The multi-year award is intended to ramp annual output to more than 1,000 missiles, along with associated support, to provide a stable, predictable supply for the Navy and allies, the company said. The award follows landmark agreements between Raytheon and the Department of War.

“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.”

RTX said it has invested heavily in recent years to increase output of Tomahawk and other munitions, delivering three times more Tomahawks in the first half of 2026 than in the first half of 2025. With the new contract, the company plans to further expand capacity and work closely with hundreds of small and mid-sized suppliers nationwide to scale production to meet long-term needs.

The company characterized Tomahawk as a proven, versatile long-range strike capability with a decades-long operational record, offering military leaders reliable, flexible options against high-value targets from a variety of launch platforms.