Pentagon awards $22.9B in long-term munitions contracts to Raytheon and Lockheed Martin

The U.S. Department of Defense has finalized $22.9 billion in multi-year contracts with Raytheon and Lockheed Martin to accelerate production of Tomahawk cruise missiles, AMRAAM air-to-air missiles, and THAAD interceptors. This move represents a significant industrial base expansion aimed at replenishing stockpiles and enhancing long-term deterrence capabilities.