Army Awards $238M Missile Production Funds to Lockheed-Raytheon JV

A joint venture between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will continue manufacturing the Javelin man-portable, anti-tank guided munition for soldiers under a $237.9 million contract modification from the U.S. Army.

The service branch used fiscal 2022 missile procurement funds on the award and estimated the partnership will finish work on Nov. 30, 2025, the Department of Defense said Friday.

The Javelin JV is currently providing full-rate production services to the Army and Marine Corps under a $185.6 million firm-fixed-price contract awarded in September 2019.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

NNSA Seeks Proposals for Savannah River Site Management & Operation Contract

The Department of Energy’s National Nuclear Security Administration, or NNSA, has issued a request for proposals for a potential $61.5…

Army Awards $1.3B in Contracts for Binocular Night Observation Device

The U.S. Army has awarded three firm-fixed-price contracts worth $1.27 billion for the development, production and testing of the Binocular…

Boeing Awarded $167M Navy Contract for P-8A Software Sustainment

Boeing has secured a $166.8 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract to support software sustainment and modernization efforts for the U.S. Navy’s…

Rocket Lab Expands Space Defense Capabilities With OSI Acquisition

Rocket Lab has completed its acquisition of Optical Support, Inc., strengthening its capability to support critical defense programs such as…

Draper Appoints Brandi Vann as VP, Chief Strategy Officer

Draper has appointed Brandi Vann, most recently principal director of strategic implementation and planning, as vice president and chief strategy…

SAIC Wins $95M GAO Contract to Support IT Modernization

SAIC has secured a $95 million contract from the Government Accountability Office to provide enterprise IT services under the Technical…

Janes Names Randy Nixon Interim US President

“Military intelligence provider Janes has appointed Chief Customer Officer Randy Nixon as interim president of its U.S. business following the…

Ursa Major Chairman Dan Jablonsky to Join Sierra Space as CEO

Dan Jablonsky, chairman and CEO of Ursa Major Technologies, will join Sierra Space as CEO, effective March 2. Sierra Space…

Booz Allen Secures $697M Army MCTP Training Support Contract

Booz Allen Hamilton has secured a $696.7 million U.S. Army contract to provide training support services for the Mission Command…

C5MI Promotes Garth Sanginiti to Chief Growth Officer

C5MI has appointed Garth Sanginiti as chief growth officer, the Jacksonville Beach, Florida-based company announced Tuesday. What Will Sanginiti Do as Chief…

Intuitive Machines Receives $175M Investment to Advance In-Space Data Processing

“Intuitive Machines has secured a $175 million strategic equity investment from global institutional investors to accelerate the expansion of its…

Vantor Secures $217M Army Contract for One World Terrain Support

Vantor, a provider of unified spatial intelligence from space to ground, has received a potential $217 million contract to support…

You’ve already read all related articles.

Executive Interviews