US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
RTX•Statement on munitions industrial base
"By working closely with industry to expand the capacity of our munitions industrial base, the Department is utilizing every available tool to meet the demands of current operations," Acting Secretary of the Navy Hung Cao said in a statement.
He did not give details of how much Tomahawk production would increase by or the length of the contract.
Navy awards Raytheon $22.9 billion contract
WASHINGTON, Aug 17 (Reuters) - The U.S. Navy said on Monday that it had awarded RTX Unit Raytheon a $22.9 billion contract to boost the output of Tomahawk missiles.
The U.S. has supplied large amounts of arms to allies while also using munitions in the Iran conflict, raising concerns about inventories of air defense and precision-guided weapons.
Related News
VivoPower Approves Independent Listing Of 2.2Gw Non-Nordic Ai Infrastructure Platform, Transferring Capital Expenditure Requirements Whilst Retaining De Facto Control
VIVO•
Investview Q2 net revenue falls on European network contraction
INVU•
