The US military has awarded a massive contract to dramatically ramp up the production of Tomahawk cruise missiles, the Pentagon said on Monday, after burning through hundreds of these long-range munitions during the Iran conflict.

The $22.9 billion contract awarded to US defense contractor RTX’s Raytheon follows an earlier framework agreement announced in February and will increase annual production to more than 1,000 Tomahawk missiles over a seven-year period.

Acting US Navy Secretary Hung Cao said in a statement that the “landmark” munitions contract “will accelerate Tomahawk missile delivery to our warfighters at unprecedented speed.”

He said…