Raytheon Technologies has been awarded a $22.9 billion contract for the production of Tomahawk missiles, the Pentagon announced on Friday.
The agreement, the largest single procurement deal in the program’s history, covers the acquisition of thousands of long-range cruise missiles for the U.S. Navy and allied forces. The Tomahawk, a precision-strike weapon in service since the 1980s, is deployed aboard destroyers and submarines, providing land-attack capabilities.
The contract follows a competitive bidding process and includes options for follow-on orders, according to a statement from the Department of Defense. Raytheon, a unit of RTX Corporation, will commence production under the agreement, which spans multiple fiscal years.
The award underscores the Pentagon’s push to modernize its missile inventory amid heightened security challenges, including Russia’s war in Ukraine and rising tensions in the Indo-Pacific. The Tomahawk’s extended-range variants remain a cornerstone of U.S. naval strike doctrine, with recent upgrades enhancing lethality and survivability.
Financial terms were not disclosed beyond the $22.9 billion headline figure, though analysts noted the deal could support thousands of jobs across Raytheon’s supply chain. The company has not provided an immediate breakdown of the contract’s duration or delivery schedule.
The Pentagon’s contract announcement comes as Congress debates defense spending levels for fiscal 2025, with missile procurement a key priority in the face of evolving threats.
