Hello, Guest!
  • Friday, November 8, 2024

Lockheed-Raytheon JV Secures $186M Contract to Produce Javelin Weapon Systems for US Military


Jeff Brody

A partnership between Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) has landed a potential four-year, $185.6M contract to manufacture man-portable anti-tank weapon systems for the U.S. Army, Navy and Marine Corps.

The firm-fixed-price contract covers full rate production of Javelin all up rounds, a vehicle launcher, battery coolant units, outdoor trainers, an instruction station, electronic components and tripods, the Department of Defense said Thursday.

The Javelin Joint Venture will also retrofits the system’s command launch unit.

Contract work will take place in Tucson, Ariz., through Aug. 31, 2023.

DoD noted the full obligated amount at the time of award is from the service branches’ fiscal 2018 and 2019 procurement funds.

Javelin is designed to help infantry troops hit a wide array of targets with fire-and-forget, medium-range missiles.

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted Executive Moves

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted

Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract Contract Awards

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems division has secured a $157 million contract to help the U.S. Air Force sustain the enterprise management software of the service branch’s air-launched cruise missile system. The contractor will perform sustainment and modernization of the Joint Air-to-Surface Standoff Missile enterprise management software, build operational real-time combat analysis