Navy awarded $22.9B contract to Raytheon to accelerate Tomahawk missile production

On Monday, acting Navy Secretary Hung Cao announced that the U.S. Navy awarded a $22.9 billion contract to Raytheon to accelerate production of Tomahawk missiles amid a munitions shortage in the months after the start of the Iran war. The contract “reinforces the Department’s commitment to rebuilding the defense industrial base and ensuring Navy and…