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Raytheon Awarded $251 Million Tomahawk Missile Contract

Issue 56

The U.S. Navy awarded Raytheon Company  a $251 million contract to procure Tomahawk Block IV tactical cruise missiles for fiscal year 2014 with an option for 2015. 

The contract calls for Raytheon to build and deliver Tomahawk Block IV cruise missiles to the U.S. Navy and U.K. Royal Navy. Raytheon will also conduct flight tests and provide life-cycle support. Production and delivery of the missiles is scheduled to begin in 2015.

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