RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles

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  "signal_type": "news",
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  "detected_at": "2026-08-17T12:10:00+00:00",
  "company": {
    "name": "RTX",
    "domain": "rtx.com"
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    "url": "https://www.prnewswire.com/news-releases/rtxs-raytheon-awarded-seven-year-contract-for-tomahawk-cruise-missiles-302852809.html",
    "title": "RTX's Raytheon awarded seven-year contract for Tomahawk cruise missiles",
    "excerpt": "Contract accelerates production of critical precision-strike weapon TUCSON, Ariz. , Aug. 17, 2026 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX ) business, will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period under the terms of an unprecedented $22.9 billion contract, awarded as part of the Department of War's Arsenal of Freedom. This contract follows the landmark agreements between Raytheon and the Department of War and supports the annual production ramp to more than 1,000 Tomahawk missiles and associated support, ensuring a stable, predictable supply for the Navy and allies. \"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 Raytheon President Phil Jasper. \"We are making significant investments in our workforce, technology, supply chain and facilities to dramatically boost production capacity and meet surging demand.\" RTX has invested heavily in recent years to ramp production of Tomahawk and other critical munitions, delivering three times more Tomahawks in the first half of 2026 compared to the first half of 2025. With this contract, RTX will increase capacity and collaborate closely with hundreds of small and mid-sized suppliers nationwide to rapidly scale output to meet long-term needs. Tomahawk cruise...",
    "product": "Tomahawk cruise missiles",
    "summary": "Raytheon, an RTX business, was awarded a seven-year, $22.9 billion contract to accelerate the production of Tomahawk cruise missiles for the U.S. Navy.",
    "location": "Tucson, Arizona, USA",
    "planning": true,
    "confidence": 0.95,
    "product_data": {
      "name": "Tomahawk",
      "full_text": "Tomahawk cruise missiles",
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    "published_at": "2026-08-17T12:10:00Z",
    "location_data": [
      {
        "city": "Tucson",
        "state": "Arizona",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Raytheon, an RTX (NYSE: RTX ) business, will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period under the terms of an unprecedented $22.9 billion contract, awarded as part of the Department of War's Arsenal of Freedom.",
    "amount_normalized": 22900000000,
    "related_company_name": "U.S. Navy",
    "related_company_domain": "navy.mil"
  }
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