Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

US Army Awards $309M Worth Contracts To Javelin JV

  • The U.S. Army recently awarded the Javelin JV two production contracts for Javelin missiles and associated equipment and services with a total value of $309 million.
  • Javelin JV is a partnership of Raytheon Technologies Corp (NYSE:RTX) Raytheon Missiles & Defense, and Lockheed Martin Corp (NYSE:LMT).
  • The contracts include more than 1300 Javelin missiles funded from the Ukraine Supplemental Appropriations Act and orders for several international customers, including Norway, Albania, Latvia, and Thailand.
  • Lockheed Martin is investing in expanding missile production beyond the present rate of 2,100 per year. Raytheon is also investing to boost the manufacture of the reusable, lightweight command launch unit.
  • Price Action: LMT shares are trading higher by 0.56% at $437.61 and RTX higher by 1.05% at $92.89 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.