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 Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
