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U.S. Army Awards Raytheon-Lockheed Joint Venture $215 Million Javelin Contract

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RTX$192.55 −0.71%

The U.S. Army has awarded the Javelin Joint Venture, a partnership between Raytheon—an RTX Corporation (NYSE:RTX) business—and Lockheed Martin, a $215 million production contract for the Lightweight Command Launch Unit. The award comes five months after the joint venture delivered its initial next-generation units to the military, replacing legacy command launch units.

The new unit features significant operational upgrades over the previous Block I system. It is 30% smaller and 25% lighter, doubles target detection and recognition, and offers day and night engagement capabilities. In addition, the unit is engineered to be compatible with all past, present, and future variants of the Javelin weapon system. To date, the partnership has produced more than 55,000 Javelin missiles and 12,000 reusable launch units.

Investors reacted positively to the modern defense award, sending shares of RTX Corporation up 3.73% to $193.90. Market participants will continue monitoring production execution and future delivery timelines across the military supplier's modernization program.

Key points

  • The U.S. Army awarded the Javelin Joint Venture a $215 million contract to produce Lightweight Command Launch Units.
  • The joint venture is a partnership between Raytheon, an RTX Corporation (NYSE:RTX) business, and Lockheed Martin.
  • The new launcher is 30% smaller and 25% lighter than the legacy system while doubling target detection and recognition.
  • The launch unit is engineered to be compatible with all current, past, and future Javelin missile variants.
  • Shares of RTX Corporation traded up 3.73% to $193.90 following the contract announcement.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is the value of the U.S. Army Javelin launcher contract?

The U.S. Army awarded the Javelin Joint Venture a $215 million production contract for the Lightweight Command Launch Unit.

Who manufactures the Javelin Lightweight Command Launch Unit?

The launcher is produced by the Javelin Joint Venture, a partnership between Raytheon, an RTX business, and Lockheed Martin.

How does the new Javelin launcher compare to the legacy system?

The Lightweight Command Launch Unit is 30% smaller and 25% lighter than the previous Block I unit while doubling target detection and recognition.