In an urgent effort to replenish its arsenal of advanced weapons, the U.S. military announced on Monday that it has granted Raytheon’s RTX division a substantial $22.9 billion contract to significantly increase the production of Tomahawk missiles.

The United States has been actively distributing vast quantities of military arms to its allies, in addition to deploying munitions in the conflict with Iran. This has led to concerns regarding the availability of air defense systems and precision-guided munitions.

“Industry has been tasked with accelerating the production of munitions, and RTX has stepped up to meet this challenge,” stated Acting Secretary of the Navy Hung Cao in a post on X. He further emphasized, “This significant contract for Tomahawks guarantees that our forces will maintain the critical lethal firepower they require.”

In a separate announcement, Raytheon revealed that the contract would span seven years, during which the production of Tomahawks will be expected to exceed 1,000 missiles annually. This marks a substantial increase from their current production rate of 60 missiles per year.

The Tomahawk missile, which is launched from the sea and serves as a key component of the Navy’s surface fleet, is renowned for its ability to deliver long-range precision strikes against terrestrial targets from both ships and submarines.

Tomahawk missile being launched from a naval vessel
Tomahawk missiles are key precision-strike weapons for the U.S. Navy fleet

This official confirmation solidifies a preliminary agreement between the U.S. military and Raytheon that was established in February.

Under the Trump administration, the U.S. is orchestrating multi-year agreements with major defense contractors. These agreements provide the firms with the assurance needed to invest billions in new infrastructure and technology.

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This month, the military has also finalized contracts aimed at expanding the production capabilities for parts used in Patriot and THAAD interceptor missiles.