US boosts Tomahawk output with $22.9B Raytheon deal

RTX said it won a $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles, supporting production expansion and deliveries to the U.S. and allies. Shares rose about 0.5% to $224.03. RTX plans to raise annual output from ~60 to over 1,000 missiles, and the deal implies about $3.27 billion per year if spread evenly.

Raytheon, part of RTX, signed a $22.9 billion contract with the U.S. Navy to produce Tomahawk cruise missiles, according to the Pentagon and RTX. The agreement was reached Monday between the Pentagon and RTX’s defense arm. RTX shares were essentially flat Monday afternoon, according to MarketSurge.

The US military awarded Raytheon, an RTX unit, a $22.9bn, seven-year contract to expand Tomahawk cruise missile production. Raytheon said it will raise annual output to over 1,000 missiles from about 60. The company cited higher deliveries in 1H 2026 and plans to invest in workforce and facilities, per the US Navy.

The US awarded RTX’s Raytheon unit a seven-year $22.9 billion Navy contract to expand Tomahawk missile production. Raytheon said output would rise to over 1,000 missiles per year from 60. The deal targets rebuilding depleted US munitions stocks amid concerns over Patriot and THAAD inventory declines, according to the Pentagon and CSIS.

The US Department of War signed two seven-year framework agreements with Boeing and RTX to expand production of SM-3 Block IB and Block IIA interceptor components, including avionics and ejector assemblies, to support Aegis ballistic missile defense. Boeing will manufacture key parts so Raytheon can ramp output. The article also notes Raytheon’s $745.39m SM-3 Block IIA contract.

The U.S. military awarded Raytheon, a unit of RTX, a $22.9 billion seven-year contract to scale Tomahawk missile production. Raytheon said annual output would rise to more than 1,000 missiles from about 60 currently. The deal supports depleted U.S. munitions inventories and follows a February framework agreement.