Pentagon Signs $22.9bn Missile Deal

WashingtonPentagon awarded Raytheon a $22.9 billion Tomahawk contract.

Analysts found Patriot and Terminal High Altitude Area Defense stocks roughly halved since February.

Precision missiles rely on a thin single-supplier base with multi-year lead times, not instant stock.

Acting Navy Secretary Hung Cao promised deliveries at “unprecedented speed,” with no schedule set.

Sources: Middle East Eye