{
  "id": 1486820,
  "title": "US awards Raytheon $22.9 billion seven-year deal to boost Tomahawk output",
  "url": "https://urgent.news/2026/08/17/us-awards-raytheon-22-9-billion-seven-year-deal-to-boost-tomahawk",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T13:18:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/us-navy-awards-raytheon-229-billion-contract-to-boost-tomahawk-output-4863069"
  },
  "original_language": "en",
  "account": "The U.S. military has awarded Raytheon, a subsidiary of RTX, a $22.9 billion contract over seven years to significantly increase the production of Tomahawk missiles, according to Reuters. The decision comes as the military seeks to replenish its stocks of advanced weaponry following extensive use in conflicts and to bolster its support for allies. Acting Secretary of the Navy Hung Cao praised Raytheon's responsiveness in scaling up munitions output, stating that this contract is crucial for ensuring warfighters have the necessary lethal firepower. In a separate statement, Raytheon revealed that the deal allows for an annual production of over 1,000 missiles, up from the current rate of just 60. The sea-launched Tomahawk missile, a key component of the Navy's surface fleet, provides long-range precision strike capability against land targets from ships and submarines. This formal agreement solidifies a prior framework signed in February between the U.S. military and Raytheon. The administration, under President Donald Trump, has been engaging in multi-year procurement agreements with major U.S. defense contractors to encourage investment in new facilities and equipment.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}