Raytheon lands $22.9B Tomahawk missile contract
The Tucson-based Raytheon missile-making facility just inked a seven-year contract with the U.S. Navy to dramatically to accelerate production of Tomahawk cruise missiles.
(Photo via Raytheon)
(Photo via Raytheon)
The Tucson-based Raytheon missile-making facility has just inked the biggest single deal in its history from the U.S. military to supercharge production of a critical long-range missile.
The company — a division of Virginia-based RTX Corp. (NYSE: RTX) — has been awarded an “unprecedented” $22.9 billion, seven-year contract from the U.S. Navy to dramatically accelerate production of Tomahawk cruise missiles.
Raytheon officials said the company has already been making investments to ramp up production of Tomahawks and other weapons, tripling deliveries of the Tomahawk in particular during the first half of 2026 compared with the same period a year earlier. Those efforts will continue under this deal, Raytheon said, noting it will increase capacity in collaboration with hundreds of suppliers to scale output and prepare for future needs.
Production of the cruise missiles will increase about 10 times over current levels, up to about 1,000 Tomahawks supplied per year, according to the company.
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
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Comments
10 Comments
WAR is good business ! Actually;
"War is a racket" - Gen. Smedley D. Butler, 1935
He argued that armed conflicts enrich a small corporate elite while ordinary citizens pay the ultimate price with their lives and tax dollars.
Just goes to show how much of the U.S. military arsenal has been spent on Iran.... which, according to the OJ, was decimated and totally defeated five months ago. And now he says he will "bomb the sh*t" out of Oman (a long time ally) if they broker a deal with Iran on the Strait. Bomb them with what you idiot? Has he forgotten there are U.S. military personnel and assets in Oman?? Of course he has!
""If you read about Raytheon's missile division business model, they depend entirely (100%) on selling weapons to the US Federal government."
Who else are they going to sell high end strategic and tactical missiles to?? Your neighbor down the street ??? One of the core main functions of the US Government is protection of its citizens. To do that a military is needed. I still think we pay too much for DoW and should audit what we spend at the Pentagon so we know we are getting the most bang for our buck.
Raytheon sells these (and other systems) to NATO partners and our allies in Asia. Once approved via the Senate and the Executive branch. So there are checks and balances to these sales.