The Pentagon has signed a record-breaking $22.9 billion contract for Tomahawk missiles
On August 18, the Pentagon awarded Raytheon a $22.9 billion contract to accelerate the production of Tomahawk cruise missiles. The contract is one of the largest in the program’s history and calls for ramping up the pace of missile production for the U.S. Navy.
“The Department of the Navy has awarded a $22.9 billion contract to Raytheon to accelerate production of the department’s critical long-range strike capabilities: Tomahawk missiles,” ” according to a statement posted on the U.S. Navy’s website.
Although the number of missiles ordered has not been disclosed, it is noted that the U.S. military will receive them at an “unprecedented rate.”
Meanwhile, Raytheon stated that the new contract will last seven years and will allow for an increase in annual production of Tomahawks to 1,000 units.
It should be noted that Raytheon currently manufactures only about 60 missiles per year.
Source: U.S. Navy
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