RTX · News · 20260817N

Missile Production Demand

RTX Corp · 2026-08-17 · Importance 96 · Surprise 100

Raytheon, an RTX business, won a seven-year, $22.9 billion U.S. Navy contract to accelerate Tomahawk cruise missile production for the U.S. Navy and allied forces. The agreement targets annual output of more than 1,000 missiles, approximately ten times the prior production rate. Tomahawk deliveries already tripled in the first half of 2026 versus the first half of 2025, indicating sharply increased demand for long-range precision-strike weapons. RTX plans to expand manufacturing capacity, its workforce, technology, and supplier network to support the production ramp.

Key facts

• Multiple reports state the contract will raise Tomahawk output to about 1,000 missiles per year, described as an approximately tenfold increase in Tomahawk output. source
• RTX has already tripled its Tomahawk deliveries in the first half of 2026 compared to 2025. source
• The $22.9 billion contract aims to increase annual Tomahawk production to over 1,000 missiles. source
• Raytheon is making significant investments in its workforce, technology, supply chain, and facilities to meet the surging demand for this critical precision-strike weapon. source
• Business Insider reported that the US military 'burned through many of them' (Tomahawk missiles) fighting Iran, contributing to the large Tomahawk contract paid to RTX's Raytheon. source