Raytheon Co. (RTN) Friday said it has been awarded a contract, worth $254.6 million, by the U.S. Navy for procuring the Tomahawk Block IV tactical cruise missiles for fiscal year 2013.
Raytheon will build and deliver Tomahawk Block IV cruise missiles, beginning in 2013, and will also conduct flight tests and provide life-cycle support.
The new Tomahawk Block IV missile includes a two-way satellite data-link that enables a strike controller to redirect the missile in-flight to preprogrammed alternate targets or more critical targets.
"Tomahawk Block IV enables the warfighter to precisely engage heavily defended and high-value targets from extremely long distances, which is critical to maintaining national security," said Capt. Joe Mauser, U.S. Navy Tomahawk program manager.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.