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(Reuters) - A joint venture between Lockheed Martin and RTX's Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in ...
Raytheon (RTN) and Lockheed Martin's (LMT) joint venture secures a contract to build a Javelin Weapon System.
The Javelin Joint Venture received its first low-rate production contract for the LW CLU in June 2022. 200 units will be delivered before full-rate production is expected to initiate in 2023, which will increase the production rate to 600 per year. First delivery is slated for 2025. [29]
The $1.3 billion contract for more Javelin portable anti-tank missiles is a follow-on award to last year's massive deal worth up to $7.2 billion.
Javelin, a joint venture (JV) of Raytheon (RTX) and Lockheed (LMT), is going to be engaged in the low-rate initial production of lightweight command launch units for Javelin missiles
The AGM-179 Joint Air-to-Ground Missile (JAGM) is an American military program to develop an air-to-surface missile, to replace the current air-launched BGM-71 TOW, AGM-114 Hellfire, and AGM-65 Maverick missiles. [4] The U.S. Army, Navy, and Marine Corps plan to buy thousands of JAGMs. [5]
[3] [2] The program is also called the Offensive Anti-Surface Warfare Increment 2 (OASuW Inc 2) program. [3] On 28 March 2023, Naval Air Systems Command (NAVAIR) awarded a $116 million contract to Raytheon Missiles & Defense and Lockheed Martin for technical maturation and development through a preliminary design review of the propulsion system ...
Raytheon (RTX) and Lockheed's (LMT) joint venture wins a contract to manufacture Javelin missiles.