Home / Contract Awards / Lockheed-Raytheon JV Gets $95M Javelin Weapon FMS Contract Modification

Lockheed-Raytheon JV Gets $95M Javelin Weapon FMS Contract Modification

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) partnership will supply Javelin weapon equipment to six foreign military sales clients under a $94.9 million contract modification from the U.S. Army.

The Javelin Joint Venture will deliver rounds, command launch units and battery coolant unit spares for the anti-armor missile system, the Defense Department said Thursday.

France, Jordan, Lithuania, Qatar, Taiwan and Turkey will receive the deliverables.

The Army Contracting Command will obligate the full contract amount from its fiscal 2018 “other “procurement \ funds at the time of award.

Work under the modification is scheduled to finish by Aug. 31, 2020.

U.S. and international defense customers use Javelin weapons to mitigate targets such as armored vehicles and caves.

Check Also

CMS Vet Henry Chao Joins FEI Systems as Chief Technology Officer

Henry Chao, a more than two-decade veteran of the Centers for Medicare and Medicaid Services, has …

McAleese and Associates: DoD CIO Dana Deasy Talks Joint AI Center’s Missions at House Panel Hearing

Consulting firm McAleese and Associates has released a report on key takeaways from the testimony …