Author: Mary-Louise Hoffman|| Date Published: May 17, 2022
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems.
The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriations Act and orders from multiple foreign countries, Lockheed said Monday.
Albania, Latvia, Norway and Thailand ordered the Javelin weapon system.
The awards come as the Bethesda, Maryland-based company looks to exceed its current annual missile production capacity of 2,100 units.
Raytheon also plans to increase the number of reusable lightweight command launchers produced annually.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
HawkEye 360, provider of space-based signals intelligence, has acquired Innovative Signal Analysis, a Dallas, Texas-based company manufacturing high-performance signal-processing technologies.…
