RTX (NYSE: RTX) Lands $22.9 Billion Navy Contract To Surge Tomahawk Missile Output Past 1,000 Units Annually
Raytheon, an RTX (NYSE: RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy to sharply accelerate production of Tomahawk cruise missiles. The Department of War announced the award on Monday, marking one of the most significant long-range strike munitions contracts in recent U.S. defense history. The agreement was awarded through the…