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Navy Awards $22.9B Contract to Accelerate Tomahawk Production

8/18/2026

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Summary

Story summary

The Navy announced a $22.9 billion contract with Raytheon to accelerate Tomahawk missile production.
Rep. Don Bacon (R-Neb.) said President Donald Trump claimed he was unaware of a Pentagon shortage, while Trump denied any U.S. munitions shortfall amid the six-month-old Iran war.
Reuters reported the Army has used virtually all tactical missile system munitions and precision-strike missiles, each costing over $1 million, since the war began.

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Story summary

The Navy announced a $22.9 billion contract with Raytheon to accelerate Tomahawk missile production.
Rep. Don Bacon (R-Neb.) said President Donald Trump claimed he was unaware of a Pentagon shortage, while Trump denied any U.S. munitions shortfall amid the six-month-old Iran war.
Reuters reported the Army has used virtually all tactical missile system munitions and precision-strike missiles, each costing over $1 million, since the war began.