TUCSON, AZ (August 18, 2026) — Tucson-based Raytheon has been awarded a $22.9 billion, seven-year contract from the U.S. Navy to dramatically increase production of Tomahawk cruise missiles, marking an unprecedented award for the RTX business and another major expansion of missile production tied to its Southern Arizona operations.

The contract, awarded as part of the Department of War’s Arsenal of Freedom initiative, is designed to increase annual Tomahawk production to more than 1,000 missiles while providing associated support for the U.S. Navy and allied nations.

Raytheon has already been expanding production capacity for Tomahawk and other missile programs. The company reported that it delivered three times as many Tomahawks in the first half of 2026 as in the same period in 2025. Under the new contract, RTX plans additional investments in facilities, workforce, technology, and its nationwide supply chain, which includes hundreds of small- and midsize suppliers.

“Tomahawk is the Navy’s most important strike weapon, able to target hostile forces hundreds of miles away without ever risking the lives of our sailors,” Raytheon President Phil Jasper said. “We are making significant investments in our workforce, technology, supply chain and facilities to dramatically boost production capacity and meet surging demand.”

The Tomahawk is a long-range precision strike cruise missile that has been used by the U.S. military for decades and can be launched from multiple platforms. Raytheon describes the weapon as one of the military’s most proven and versatile long-range strike capabilities.

The Navy said the multiyear agreement is intended not only to increase missile output, but also to provide Raytheon and its suppliers with the stability needed to expand manufacturing capacity, increase workforce levels and strengthen the defense supply chain.

Acting Secretary of the Navy Hung Cao called the award a landmark investment intended to accelerate delivery of Tomahawk missiles and expand the nation’s munitions industrial base.

The award continues a string of major defense contracts for Raytheon. It comes just days after the Missile Defense Agency awarded the company a $745 million contract involving production of SM-3 Block IIA missile interceptors.

Raytheon maintains significant missile development, engineering, testing and manufacturing operations in Tucson. The company’s Southern Arizona facilities support a broad range of missile and defense programs, including advanced missile systems, interceptors, guidance systems and next-generation weapons technology.

Raytheon is part of Arlington, Virginia-based RTX Corp. (NYSE: RTX), which reported more than $88 billion in sales in 2025 and employs more than 180,000 people worldwide.

SCOTTSDALE, Ariz. (August 18, 2026) — Harvard Investments is proud to announce the promotion of Roger Theis to the role of Vice President of Harvard Communities.

In this leadership role, Theis will oversee all master-planned community and land development initiatives, guiding strategy, execution, and growth across Harvard Investments’ expanding residential platform. The promotion reflects his proven leadership and the firm’s continued momentum across Arizona and beyond.

“We believe that with Roger’s knowledge and passion, he will be an important part of the unifying vision we have for our portfolio of planned communities and land acquisitions,” said Harvard Investments President Tim Brislin. “As our portfolio continues to expand, this role helps assure we have a united vision for our growth and continue to create thoughtfully planned communities.”

Harvard Communities encompasses the firm’s master-planned communities and investment land acquisitions. Some of Harvard’s projects include Estrella and Solstice Foothills in Goodyear, Arizona; Legends in Casa Grande, Arizona; and Mariposa in Rio Rancho, New Mexico.

Harvard Investments is organized into two key platforms: Harvard Communities, focused on master-planned communities and land investments, and Harvard FirstStreet, which develops and owns build-to-rent communities. With its expanding pipeline that includes large-scale communities, build-to-rent neighborhoods, and emerging industrial opportunities, Harvard Investments remains focused on disciplined growth, thoughtful placemaking, and long-term value creation.

“This is an exciting moment for Harvard,” Brislin added. “Roger, as the leader of our Communities division, is a key component to aligning our team for long term growth and success.”

TUCSON, AZ (Aug. 17, 2026) — Tucson’s commercial leasing market remained active during the week of August 10–14, with several sizable industrial renewals and new leases leading the activity. Industrial transactions dominated the week, including renewals by Growers House Holdings and Cox Communications Arizona, while Diamondback Minerals signed one of the largest new leases reported. Retail and office activity rounded out the week with new leases by CaliDental, The Hand of Grace and Black Cat Barbershop.

The following leases were reported to the Real Estate Daily News for the week of August 10–14, 2026.

NEW LEASES

INDUSTRIAL – 2701 E. ELVIRA ROAD, TUCSON, 85756 – CENTRAL SUBMARKET
Diamondback Minerals leased 24,368 square feet of industrial space at 2701 E. Elvira Road in Tucson from Four Walls Elvira Operating LLC. Jesse Blum with CBRE and Paul Hooker with Cushman & Wakefield | PICOR represented the landlord. Blum also represented Diamondback Minerals.

INDUSTRIAL – 3248 N. FREEWAY INDUSTRIAL LOOP, TUCSON, 85705 – CENTRAL SUBMARKET
TNI Inc. leased 5,834 square feet of industrial space at 3248 N. Freeway Industrial Loop in Tucson from Freeway Clover LLC. Jackson Kraft with CBRE represented the landlord. Tim Healy with CBRE represented the tenant.

OFFICE – 5656 E. GRANT ROAD, SUITE 170, TUCSON, 85712 – NORTHEAST SUBMARKET
The Hand of Grace, LLC leased 5,566 square feet of office space at 5656 E. Grant Road, Suite 170, in Tucson. The Hand of Grace provides social, community, health-related, educational, housing assistance, and related support services to individuals with intellectual and developmental disabilities. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord. Kameron Norwood with Cushman & Wakefield | PICOR represented the tenant.

RETAIL – 3922 N. ORACLE ROAD, TUCSON, 85705 – CENTRAL SUBMARKET
CaliDental leased 4,500 square feet of retail space at San Francisco Square, 3922 N. Oracle Road in Tucson, from The Machado Family Trust. Dave Hammack, principal and retail specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 6902 N. CAMINO MARTIN, SUITE 140, TUCSON, 85741 – NORTHWEST SUBMARKET
Tucson Paper and Ribbon Co. Inc. leased 1,459 square feet of industrial space at 6902 N. Camino Martin, Suite 140, in Tucson from FJM Merced Associates, L.P. Kameron Norwood, investment sales and leasing specialist, and Andrew Keim, industrial specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 7070 N. ORACLE ROAD, TUCSON, 85704 – NORTHWEST SUBMARKET
Black Cat Barbershop leased 1,208 square feet of retail space at 7070 N. Oracle Road in Tucson from Arizona Meyer Properties LLC. Bruce Suppes with CBRE represented the landlord. Lily Sanchez with Omni Homes International represented the tenant.

INDUSTRIAL – 3230 S. DODGE BLVD., SUITE 6, TUCSON, 85713 – SOUTH SUBMARKET
All Pro Garage Inc. leased 1,200 square feet of industrial space at South Dodge Business Center, 3230 S. Dodge Blvd., Suite 6, in Tucson from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, principal, and Andrew Keim, industrial specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 7020 E. 22ND ST., SUITE 105, TUCSON, 85710 – EAST SUBMARKET
Mail Depot leased 1,200 square feet of retail space at Eastpoint Marketplace, 7020 E. 22nd St., Suite 105, in Tucson from Tucson Newcrest, LLC. Dave Hammack and Rob Tomlinson, principals and retail specialists with Cushman & Wakefield | PICOR, represented the landlord. Scott Soelter of NAI Horizon in Tucson represented the tenant.

RENEWALS

INDUSTRIAL – 3635 E. 34TH ST., TUCSON, 85713 – SOUTH SUBMARKET
Growers House Holdings, LLC renewed its lease with BD 34th Properties, Inc. for 36,212 square feet of industrial space at 3635 E. 34th St. in Tucson. Robert C. Glaser, SIOR, CCIM, principal and industrial specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 1440 E. 15TH ST., TUCSON, 85719 – CENTRAL SUBMARKET
Cox Communications Arizona LLC renewed its lease for 28,591 square feet at 1440 E. 15th St. in Tucson. Tim Healy, Eric Ross and Rusty Kigelman with CBRE represented Cox Communications Arizona LLC. The landlord was self-represented.

INDUSTRIAL – 2470 W. RUTHRAUFF ROAD, SUITES 110–120, TUCSON, 85705 – CENTRAL SUBMARKET
Arizona Pipeline Company renewed its lease with Pegasus Tucson Owner, LLC for 2,600 square feet of industrial space at Ruthrauff Commerce Center, 2470 W. Ruthrauff Road, Suites 110–120, in Tucson. Paul Hooker, SIOR, principal, and Andrew Keim, industrial specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4919 E. 29TH ST., TUCSON, 85711 – EAST SUBMARKET
Freedom Park Martial Arts Academy of Tucson LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Town Central Business Park, 4919 E. 29th St. in Tucson. Paul Hooker, SIOR, principal, and Andrew Keim, industrial specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 2410 W. RUTHRAUFF ROAD, SUITES 110-F & 110-G, TUCSON, 85705 – CENTRAL SUBMARKET
Taylor Williams renewed its lease with Pegasus Tucson Owner, LLC for 383 square feet of industrial space at Ruthrauff Commerce Center, 2410 W. Ruthrauff Road, Suites 110-F and 110-G, in Tucson. Paul Hooker, SIOR, principal, and Andrew Keim, industrial specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].