US Navy, Raytheon Sign $22.9 Billion Tomahawk Contract for 7 Years, Over 1,000 Missiles Annually
On August 17, the US Navy announced a $22.9 billion contract with Raytheon to boost Tomahawk cruise missile production. The acting Navy secretary said the service will work closely with industry to expand the ammunition industrial base and use all available means to meet current operational needs. Raytheon stated the seven-year deal will deliver more than 1,000 Tomahawk missiles per year. The Navy has not yet detailed the exact production increase or contract duration.
On August 17, the US Navy announced it had signed a $22.9 billion contract with Raytheon to increase production of Tomahawk cruise missiles. The acting Navy secretary said that, through close cooperation with industry, the service aims to "expand the capacity of the ammunition industrial base" and is "using every available means to meet current operational demands." The Navy did not disclose the specific production increase or the contract term.
Raytheon said the contract spans seven years and will produce more than 1,000 Tomahawk missiles annually.
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