Raytheon to boost Tomahawk production under new $22.9B deal

Raytheon has won a $22.9 billion, seven-year contract to accelerate production of Tomahawk cruise missiles for the U.S. Navy, the RTX business announced Monday.

The award was made under the Department of War’s Arsenal of Freedom initiative and follows framework agreements Raytheon signed with the department in February. Those earlier agreements set a target of ramping annual Tomahawk output to more than 1,000 missiles, along with associated support, to ensure what the company called a stable, predictable supply for the Navy and allied militaries.

“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 delivered three times more Tomahawks in the first half of 2026 than in the first half of 2025. The company said it will work with hundreds of small and mid-sized suppliers nationwide to scale output under the new contract, though it did not disclose current annual production figures or a timeline for reaching the 1,000-missile target.

RTX has previously said Tomahawk production stood at roughly 60 missiles per year for U.S. forces before the February framework agreements, which would put the planned ramp at more than 15 times that rate. The February deals also covered increased production of AMRAAM air-to-air missiles, to at least 1,900 per year, and the SM-3 and SM-6 interceptor families. RTX has said it raised its 2026 capital spending on facilities and factories to $3.1 billion, up from $2.6 billion, to support the production increases across its munitions lines, including Tomahawk work in Tucson, Arizona.

Tomahawk missiles launch from Navy ships and submarines and can strike targets from about 1,000 miles (1,600 kilometers) away. RTX has said the missile has been flight tested more than 550 times and used operationally more than 2,300 times.

Raytheon did not disclose which specific Navy platforms or allied programs the new contract’s production will support, or how the $22.9 billion award breaks down between missile hardware, support services and supplier investment.