Hello, Guest!
  • Friday, April 26, 2024

Raytheon Awarded $171M Option Under Multi-Service Tomahawk Missile Supply Contract

Raytheon Technologies (NYSE: RTX) will manufacture 111 more Tomahawk missile systems in Block V configuration for the U.S. Navy, Marine Corps and Army under a $171.2 million contract modification.

The Navy exercised an option under the first multi-service, full-rate production contract for the Tactical Tomahawk weapon, according to a Department of Defense notice posted Friday.

For this award, Raytheon’s missiles and defense business will deliver 50 to the Army, 48 to the Navy and 13 to the Marine Corps.

The initial multi-service procurement announced in May had a $217.1 million value and covered lot 18 FRP, which includes an update to the weapon’s navigation and communications system.

The long-range Tomahawk missile is designed to be fired from surface, ground and subsurface platforms and to help military operators reach a fixed or a mobile target, according to the Navy.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services Contract Awards

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services

Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material and related services in support of initial

Boeing Awarded $1.3B Navy F/A-18 Super Hornet Production, Sustainment Contract Contract Awards

Boeing Awarded $1.3B Navy F/A-18 Super Hornet Production, Sustainment Contract

Boeing (NYSE: BA) has secured a $1.3 billion contract to build and deliver 17 F/A-18 multi-role strike fighter jets and a technical data package for fleet sustainment to the U.S. Navy. The service branch expects the delivery of the new Super Hornets to commence in winter 2026 and reach completion in spring 2027, Naval Air