Navy Awards Raytheon $22.9B for Tomahawk Missile Production

The U.S. Navy awarded Raytheon a $22.9 billion contract Monday to accelerate Tomahawk cruise missile production. The deal covers seven years and follows significant stockpile drawdowns during the U.S.-Iran conflict.

• Over 1,000 Tomahawks were fired between the start of the Iran war and late April.
• 850-plus missiles were launched in the first month of the conflict alone.
• RTX produced three times as many Tomahawks in early 2026 as in early 2025.
• Raytheon had pledged to surpass 1,000 missiles produced annually — roughly five times recent output.

Why it matters: The U.S. had used nearly half its Tomahawk stockpile by early August, raising readiness concerns. The contract is designed to replenish supplies and lock in long-term production capacity.

• Pentagon officials cite heightened global tensions and ongoing operations as drivers for rebuilding the munitions industrial base.

How 19 sources split on this story

Where they split: Trump said stockpile concerns are overblown; Pentagon contract language and prior reporting on drawdown rates reflect ongoing official urgency.

What’s next: RTX will expand its workforce and supply chains under the new agreement.

• The Navy's Acquisition Transformation Strategy aims to cut weapons procurement lead times.
• How quickly can Raytheon scale to more than 1,000 missiles per year, and will supply chains support that pace?
• What is the current precise Tomahawk stockpile level, and how does it compare to military planning requirements?