Politics

Navy Awards Raytheon $22.9B Contract for Missile Production

Updated 2026-08-18 00:10 UTC 1 source Neutral

The U.S. Navy has awarded a $22.9 billion contract to Raytheon to accelerate the production of Tomahawk missiles amid a munitions shortage following the start of the Iran war. The move aims to bolster military readiness.

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The Hill
Acting Secretary of the Navy Hung Cao on Monday announced that the U.S. Navy was awarded a $22.9 billion contract to Raytheon to accelerate production of Tomahawk missiles amid a munitions shortage in the months after the start of the Iran war. The contract "reinforces the Department’s commitment to
2026-08-17 23:37 UTC
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