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    Home » US Navy awards Raytheon $22.9B contract to spice up Tomahawk output | Invesloan.com
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    US Navy awards Raytheon $22.9B contract to spice up Tomahawk output | Invesloan.com

    August 17, 2026
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    Trump urges Iran to wave ‘white flag’ as ceasefire expires

    Ceasefire negotiations reach a critical deadline marking the official end of the U.S.-Iran agreement. Chief foreign correspondent Trey Yingst reports from Tel Aviv on escalating geopolitical tensions in the Strait of Hormuz. President Donald Trump warns Iran to surrender, asserting the country should ‘put up the white flag.’

    NEWYou can now listen to Fox News articles!

    The Department of War announced Monday that the U.S. Navy has awarded Raytheon, an RTX business, a $22.9 billion contract to accelerate production of Tomahawk missiles, as the Pentagon moves to expand the nation’s munitions capacity and replenish critical long-range strike weapons.

    The news came after President Donald Trump pushed back on concerns over the strain the Iran conflict might be placing on U.S. weapons stockpiles.

    “What we’ve used is peanuts,” Trump told Fox News’ Trey Yingst in an exclusive phone interview earlier Monday. “We have a lot of mid-level weapons.”

    PENTAGON RACES TO BUY 10X MORE MISSILES AS IRAN WAR DWINDLES ARSENAL, THREATENS READINESS FOR CHINA AGGRESSION

    A U.S. Navy destroyer launches a missile from its deck while underway at sea.

    In this U.S. Navy handout, the USS Thomas Hudner fires a Tomahawk land attack missile in support of Operation Epic Fury on March 1, 2026, at sea. (U.S. Navy/via Getty Images)

    The massive Tomahawk award is intended to give RTX the stability needed to expand its workforce, increase manufacturing output and strengthen supply chains while speeding deliveries of the long-range cruise missile to U.S. forces, according to the department.

    “The Department called upon industry to expand munitions production, and RTX has answered that call,” Under Secretary of War for Acquisition and Sustainment Michael Duffey wrote in a statement. “This Tomahawk award increases our ability to equip the Joint Force, ensuring our Warfighters never face a fair fight.”

    Pentagon officials have increasingly focused on expanding the U.S. defense industrial base and shortening the time required to produce key weapons as military operations and heightened global tensions put renewed attention on the size and resilience of American weapons stockpiles.

    “Guaranteeing our naval and joint forces have the lethal firepower they need to deter aggression and protect the homeland is paramount,” acting Navy Secretary Hung Cao wrote in a statement. “This landmark $22.9 billion investment will accelerate Tomahawk missile delivery to our warfighters at unprecedented speed.

    TIM SHEEHY EXPOSES A ‘SCARY’ SHIPBUILDING COLLAPSE THAT LEAVES THE US VULNERABLE TO CHINA

    The guided-missile destroyer USS Barry launches a Tomahawk cruise missile from the ship's bow in the Mediterranean Sea in this U.S. Navy handout photo dated March 29, 2011. Barry is currently supporting Joint Task Force (JTF) Odyssey Dawn. JTF Odyssey Dawn is the U.S. Africa Command task force established to provide operational and tactical command and control of U.S. military forces supporting the international response to the unrest in Libya and enforcement of United Nations Security Council Resolution (UNSCR) 1973. REUTERS/Jonathan Sunderman/U.S. Navy//Handout (UNITED STATES - Tags: POLITICS MILITARY CIVIL UNREST CONFLICT) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR2KM20

    A Tomahawk cruise missile fired in the Mediterranean Sea, in a 2011 Navy photo.

    “By working closely with industry to expand our munitions industrial base’s capacity, the Department is utilizing every available tool to meet the demands of our current operations, ensuring they are equipped to fight, win, and come home safe.” 

    The Navy said the agreement also supports the Department of War’s Acquisition Transformation Strategy, which is aimed at accelerating weapons deliveries and reducing procurement lead times.

    President Donald Trump talks on the phone in the Oval Office

    President Donald Trump downplayed the reported weapons shortages impacting the conflict with Iran and over control of the Strait of Hormuz in a Monday morning call with Fox News’ Trey Yingst. (Jabin Botsford/The Washington Post)

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP

    The Tomahawk is one of the U.S. military’s primary long-range strike weapons and can be launched from Navy ships and submarines against targets hundreds of miles away. The Navy’s Portfolio Acquisition Executive Munitions oversees procurement and delivery of the service’s munitions and strike capabilities and is working to coordinate weapons programs with the industrial base to expand production capacity.

    Eric Mack is a breaking news reporter and writer Sunday through Thursday, 6 a.m. ET to 2 p.m. ET, with a particular interest in stories that lead the news cycle on politics, elections, foreign affairs and government.

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