World · 17 August 2026
Raytheon's $22.9B deal: US boosts Tomahawk missile output by 1,500%
The seven-year deal aims to lift production of the sea-launched weapon from 60 units annually to over 1,000 missiles. Stocks are currently low after the military sent arms to allies and used precision-guided weapons during the Iran war. President Donald Trump’s administration is brokering these long-term agreements to encourage companies to invest in new manufacturing facilities.
Reported by Reuters · How we write briefs