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Raytheon Wins $641 Million To Modernize and Produce Maritime Tomahawks

Rich Abott By
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Raytheon Wins $641 Million To Modernize and Produce Maritime Tomahawks
A Tomahawk launched off a U.S. Navy vessel. (Photo: U.S. Navy)

Naval Air Systems Command awarded Raytheon [RTN] two new contracts on March 27 worth a total $641 million to modernize and produce the maritime Tactical Tomahawk (TACTOM) missiles. One is a cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity $494 million contract for recertification and modernization of Tactical Tomahawk (TACTOM) Block IV all-up round missiles. This also includes integrating navigation and communication kits that result in a modernized TACTOM Block V missile. In 2017, the Navy awarded Raytheon a $119 million contract to start…

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