U.S. Military Announces $22.9 Billion Contract with Raytheon for Tomahawk Missiles
On August 17 local time, the U.S. Navy announced that it has signed a contract worth $22.9 billion with Raytheon to increase the production of Tomahawk cruise missiles.
According to reports, the acting Secretary of the Navy stated that they will "expand the capacity of the munitions industrial base through close collaboration with industry," and the Navy is "utilizing all available means to meet the demands of current operations."
The U.S. Navy has not disclosed the specific increase in production of the Tomahawk missiles or the duration of the contract.
However, according to Raytheon, the contract is for 7 years and will produce more than 1,000 Tomahawk missiles each year.
On August 17, 2023, the U.S. Navy announced a $22.9 billion contract with Raytheon Technologies to enhance the production of Tomahawk missiles. The contract, lasting seven years, will result in the annual production of over 1000 missiles. The Navy aims to expand its ammunition production capacity through close collaboration with industry partners.
- U.S. Navy signed a $22.9 billion contract with Raytheon Technologies.
- The contract aims to increase the production of Tomahawk missiles.
- The contract duration is 7 years, with over 1000 missiles produced annually.
- The U.S. Navy is working closely with industry to expand ammunition production capacity.
- Details on the specific increase in production and contract terms have not been disclosed.