U.S. Navy Awards Raytheon $22.9 Billion Tomahawk Deal as Iran Conflict Tests Stockpiles
Updated
Updated · Fox News · Aug 17
U.S. Navy Awards Raytheon $22.9 Billion Tomahawk Deal as Iran Conflict Tests Stockpiles
3 articles · Updated · Fox News · Aug 17
Summary
$22.9 billion will fund accelerated Tomahawk missile production under a new U.S. Navy contract with Raytheon, aimed at speeding deliveries of a key long-range strike weapon.
The Pentagon said the award is meant to expand workforce, manufacturing output and supply chains as it tries to replenish munitions and shorten procurement lead times.
Trump dismissed concerns that the Iran conflict is draining U.S. arsenals, saying weapons used so far were "peanuts" and that the military still has ample mid-level munitions.
The contract lands as ceasefire talks hit a critical deadline and tensions around Iran and the Strait of Hormuz keep pressure on U.S. stockpiles and the defense industrial base.