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This is how much it will cost to replace the Tomahawks used in Syria

MarketWatch logo MarketWatch 4/8/2017 Claudia Assis

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Related video: What is a Tomahawk missile? (provided by Fox News)

It will cost at least $70 million to replace the cruise missiles that the U.S. military rained on Syrian targets Thursday night.

Each Tomahawk missile, made by Raytheon Co. (RTN) costs between $1 million and $1.4 million.

The U.S. used 59 of them on a Syrian air base in response to the Syrian government’s chemical-weapons attack that killed scores of civilians earlier this week.

Raytheon did not immediately return a request for figures.

Read: Destructive and dangerous’ or ‘appropriate and just’ — the world reacts to Syria airstrikes

The missiles used on Thursday likely cost the U.S. military around $1 million, but the latest versions of the missile that would replace those are probably more costly, said Loren Thompson, a consultant and chief operating officer of nonprofit Lexington Institute. A final cost would also depend on the size of the potential replacement order from the U.S. military, he said.

Tomahawks can be launched from a ship or a submarine. Yesterday’s Tomahawk missiles were launched from two U.S. Navy destroyers in the Mediterranean Sea, according to reports. 

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Tomahawks have been part of the U.S. military’s arsenal for three decades, and were first used during the 1991 Gulf War. They were last used in October to strike targets in Yemen after attacks on U.S. Navy ships.

According to Raytheon’s website, the cruise missile has been employed in combat more than 2,000 times since it was introduced. 

Tomahawks can fly about 1,000 miles at subsonic speeds (around 550 miles an hour), and its latest version, the Tomahawk Block IV, can be redirected to a new target in real time and during its flight. The Tomahawk is also the weapon of choice of the British military forces.

Shares of Raytheon rallied in early Friday trading but their gains moderated as the session went on. The stock has gained more than 7% so far this year, compared with $5% gains for the S&P 500 index (SPX).  

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