RTX Wins $22.9 Billion Contract for Tomahawk Cruise Missiles
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RTX Corp. has been awarded a contract valued at $22.9 billion from the US Navy to accelerate production of Tomahawk cruise missiles. This contract comes amid supply strain on weapon systems stockpiles due to the ongoing war with Iran.
The seven-year contract aims to enhance the production capabilities of Tomahawk missiles, which are critical for the Navy's operational readiness. This move reflects the urgent need to replenish military supplies in light of current geopolitical tensions.
RTXUS NavyIran
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“RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles”
SEC Filing — RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles“RTX Corp. won a contract valued at $22.9 billion from the US navy to accelerate production of Tomahawk cruise missiles, at a time when weapon systems stockpiles come under strain given the ongoing”
Bloomberg — RTX Wins $22.9 Billion Navy Missile Contract Amid Supply Strain