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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 ...
Both Raytheon (RTX) and Lockheed (LMT) are renowned U.S. missile makers and frequently clinch contracts like the latest one involving the Javelin missile. Raytheon-Lockheed JV Wins $75M Deal for ...
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 missile production rate could be increased greatly with a national procurement effort. [48] [49] [50] In May 2022, Lockheed Martin CEO James Taiclet stated that Lockheed would nearly double the production of Javelins to 4,000 a year. Ukrainian officials estimated that up to 500 missiles per day were being used in the early days of the war. [51]
In 2008, Raytheon and Boeing teamed up on a $125 million contract, [12] [13] and Lockheed Martin received a $122 million technology development contract for the Joint Air-to-Ground Missile (JAGM) system. The 27-month contracts from the U.S. Army's Aviation and Missile Command is for a competitive risk-reduction phase. [14]
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. The contract is slated to begin in December 2024, with each company's initial design review working towards ...
Raytheon (RTN) and Lockheed Martin's (LMT) joint venture secures a contract to build a Javelin Weapon System.
Lockheed Martin Missiles and Fire Control (MFC) is one of the four core business areas for American company Lockheed Martin. [1]MFC provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services, and manned and unmanned ground ...