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IndustryNorth America

US Navy awards Raytheon USD22.9 billion Tomahawk-production contract

The US Navy has awarded Raytheon a $22.9 billion contract to sustain and expand Tomahawk cruise missile production. The seven-year deal supports increased output amid strong domestic and allied demand. It underpins Block V variant deliveries and maintains a critical long-range strike capability. Tier 1 source reporting on a major procurement milestone.

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