RTX (NYSE: RTX) subsidiary Raytheon has secured a $22.9 billion, seven-year contract to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy.
The contract was awarded as part of the Department of War’s Arsenal of Freedom initiative, which has already produced landmark agreements with defense suppliers.
Under the terms of the deal, Raytheon will ramp annual production to more than 1,000 Tomahawk missiles and associated support equipment, ensuring a stable and predictable supply for the Navy and its allies.
RTX has already demonstrated significant production momentum, delivering three times more Tomahawks in the first half of 2026 compared to the first half of 2025.
Raytheon President Phil Jasper underscored the weapon’s strategic importance to the U.S. military’s global posture and strike capabilities.
“Tomahawk is the Navy’s most important strike weapon, able to target hostile forces hundreds of miles away without ever risking the lives of our sailors,” said Jasper.
“We are making significant investments in our workforce, technology, supply chain and facilities to dramatically boost production capacity and meet surging demand,” Jasper added.
To meet the scale of this new contract, RTX will collaborate closely with hundreds of small and mid-sized suppliers nationwide to rapidly expand output over the long term.
Tomahawk cruise missiles have a decades-long record of operational performance and remain one of the U.S. military’s most versatile long-range strike capabilities across multiple launch platforms.
RTX, headquartered in Arlington, Virginia, employs more than 180,000 people globally and reported 2025 sales of more than $88 billion across its aviation and defense business units.
Raytheon, as an RTX business, has developed defense technologies for more than 100 years, spanning integrated air and missile defense, smart weapons, advanced sensors, hypersonics, and space-based systems.
The new Tomahawk production contract positions RTX as a central pillar of U.S. efforts to build a larger, more resilient domestic arsenal capable of meeting both current and future national security demands.
