U.S. Military Announces: Spending Over 150 Billion Yuan to Purchase "Tomahawk" Missiles

Source: Global Times
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On the 17th local time, the U.S. military announced the signing of a contract worth $22.9 billion (approximately 154.408 billion yuan) for the purchase of Tomahawk cruise missiles.

On the 17th, the U.S. Department of Defense issued a statement saying that the U.S. Navy had signed a contract worth $22.9 billion with Raytheon to accelerate the production of Tomahawk cruise missiles. The acting Secretary of the Navy stated that this contract would accelerate the delivery of Tomahawk missiles to U.S. military personnel at an "unprecedented pace," and the Navy is utilizing all available means to meet the demands of current military operations.

Raytheon stated on the same day that the contract has a duration of seven years, and the company will significantly increase production capacity to meet the surge in missile demand, with the annual production of Tomahawk missiles expected to exceed 1,000 units. According to reports from Reuters, Raytheon's current annual production of Tomahawk missiles is only about 60 units.

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U.S. Military Facing Tight Missile Inventory

Recently, several U.S. media outlets have reported that as the U.S.-Israel-Iran conflict continues, the U.S. military's missile inventory has been heavily depleted in the conflict.

On the 4th of this month, CNN reported, citing multiple sources, that since the start of the conflict with Iran, the U.S. military has consumed a large amount of its inventory of THAAD anti-missile system missiles and Patriot air defense system interceptors. The Tomahawk cruise missiles used for long-range strikes have also consumed nearly half, leading to a severe shortage in missile inventory.

Classification
Region
North America
Analytical Domain
Operational
Primary Category / Secondary Categories
Weapons & Equipment / Logistics
Subcategory
New Weapon System
SALUTE Report
Size
N/A
Activity
The U.S. military announced a contract for the purchase of Tomahawk cruise missiles.
Location
United States
Unit
U.S. Navy
Time
October 17
Equipment
Tomahawk cruise missiles
Summary

On October 17, the U.S. military announced a $22.9 billion contract with Raytheon to purchase Tomahawk cruise missiles. This contract aims to accelerate production to meet military demands, increasing the annual output to over 1,000 missiles from the current rate of about 60. The U.S. missile inventory is under pressure due to ongoing conflicts, necessitating this procurement.

Key Facts
  • The U.S. military signed a $22.9 billion contract for Tomahawk missiles.
  • The contract aims to accelerate the production of Tomahawk missiles to meet military needs.
  • Raytheon will increase the annual production of Tomahawk missiles to over 1,000 units.
  • The current production rate is approximately 60 missiles per year.
  • The U.S. missile inventory is under strain due to ongoing conflicts.