Lockheed-Raytheon JV awarded $1.3B Javelin contract by U.S. Army

The U.S. Army awarded the Javelin Joint Venture a follow-on fiscal year 2024 production contract for Javelin missiles and associated equipment and services with total value of $1.3B. As the largest single-year Javelin production contract to date, this is the first follow-on award that is a part of an indefinite-delivery, indefinite-quantity production contract that was initially awarded in May 2023. This contract provides procurement of Javelin weapon systems and production support for the U.S. Army. Last year, the JJV began production ramp-up activities to increase Javelin All Up Round production to 3,960 per year by late 2026. “Now more than ever, Javelin is recognized as the most effective, combat-proven anti-armor weapon system in the world,” Andy Amaro, JJV president and Javelin program director at Raytheon, an RTX business. “Through this contract, we will continue to produce and deliver this needed capability to support global ground forces in their efforts to protect and defend their interests and sovereignty.” The Fly notes that Javelin Joint Venture is a joint business consisting of Lockheed Martin (LMT) and Raytheon (RTX).