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  • Friday, November 22, 2024

Lockheed-Raytheon JV Gets $95M Javelin Weapon FMS Contract Modification


A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) partnership will supply Javelin weapon equipment to six foreign military sales clients under a $94.9 million contract modification from the U.S. Army.

The Javelin Joint Venture will deliver rounds, command launch units and battery coolant unit spares for the anti-armor missile system, the Defense Department said Thursday.

France, Jordan, Lithuania, Qatar, Taiwan and Turkey will receive the deliverables.

The Army Contracting Command will obligate the full contract amount from its fiscal 2018 “other “procurement \ funds at the time of award.

Work under the modification is scheduled to finish by Aug. 31, 2020.

U.S. and international defense customers use Javelin weapons to mitigate targets such as armored vehicles and caves.

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