Raytheon wins $22.9 billion Tomahawk contract as RTX plans to raise annual missile production above 1,000 units

The US military awarded Raytheon a seven-year contract valued at up to $22.9 billion for Tomahawk cruise missiles and related work. RTX plans to raise annual output from roughly 60 missiles to more than 1,000 as Washington and its allies rebuild inventories depleted by recent operations. Tomahawks provide long-range precision strike from surface ships and submarines, making production capacity central to maritime deterrence. The award follows a broader production framework announced in February and signals a sustained move from small annual lots toward industrial-scale procurement.