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Raytheon Lands $22.9B Tomahawk Contract

August 17, 2026

2 min read

Key Takeaways

Raytheon awarded $22.9 billion contract for Tomahawk production.
Production to increase to 1,000 rounds a year.
Contract follows February framework agreement with the Pentagon.
Raytheon has invested heavily in production facilities and supply chain.

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Strategic Implications

This contract may signal the Pentagon's growing reliance on Raytheon for critical munitions, which could strengthen the company's position as a leading defense contractor. The increased production capacity suggests a shift in the US military's strategic priorities, which may indicate a heightened focus on naval warfare capabilities.

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What Happened

Massive Deal Boosts Cruise Missile Production To Meet Surging Demand

The US Navy has awarded Raytheon a $22.9 billion contract to significantly increase production of the Tomahawk cruise missile, aiming to produce 1,000 rounds annually. The deal follows a framework agreement with the Pentagon in February and reflects the company’s efforts to boost production capacity and meet surging demand. Raytheon has made significant investments in its workforce, technology, and supply chain to support the production ramp-up, according to a statement from Raytheon President Phil Jasper. The contract was first reported by Breaking Defense.

Source | Originally Published: August 17, 2026

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