Pentagon Contract Worth Nearly $23 Billion Over Seven Years, After Concerns That U.s. Stockpiles Were Depleted During the War With Iran

Raytheon reached what it called an "unprecedented" agreement with the U.S. Department of Defense, the company said Monday. RTX, Raytheon's parent company, said it produced three times more Tomahawks in the first half of 2026 than in the same period a year earlier. In February, Raytheon said it would boost annual Tomahawk output to more than 1,000 missiles — roughly a five-fold increase from recent years, according to military experts.

Tomahawks are land-attack cruise missiles typically launched from ships, such as U.S. Navy destroyers deployed in the Middle East. The U.S. has used them since the 1980s, and they remain a staple of Navy operations. reported at the start of August that the U.S. had used up just under half its Tomahawk stockpile since February.

The Wall Street Journal separately reported that the U.S. fired more than 1,000 Tomahawks between the start of the Iran war and late April, with over 850 launched in the first month. 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, Raytheon president Phil Jasper said Monday. This is a breaking story; more details may follow.