Lockheed Martin and Raytheon have won a five-year $298.6 million life-cycle contract with the US Army for the Javelin Joint Venture. Under the contract terms, Lockheed and Raytheon will provide depot spares, repair support, training and data to the US Army. $34.9 million has already been funded for the 2009 year.
The Javelin is the first light-weight, man-portatble, fire-and-forget, medium range missle system.
“We are extending the lifetime of our products through upgrades, while supporting the warfighter with training services and technical support, ” stated Duane Gooden, Raytheon’s program director and president of the Javelin joint venture.