Ukrainian service members maintain a Javelin missile system, at a place on the entrance line within the north Kyiv area, Ukraine March 13, 2022. REUTERS/Gleb Garanich/File Photo
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May 16 (Reuters) – (This May 16 story corrects headline and paragraph 1 to make clear contract was awarded to the JV, not Lockheed)
A three way partnership between Lockheed Martin Corp and Raytheon Technologies Corp (RTX.N) has been awarded two contracts value $309 million by the U.S. army for its Javelin missiles, the antitank weapon that has helped Ukraine combat Russia’s invasion, Lockheed stated on Monday.
The Javelin missiles are made collectively by Lockheed and Raytheon’s (RTX.N) missile unit.
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Demand for Javelin missiles stays excessive because the conflict in Ukraine worsens, the place they had been used to cease Russian tanks from advancing on the capital, to an artillery battle in Ukraine’s east.
So far, the United States has despatched extra then 5,500 Javelin methods to Ukraine. learn extra
The protection contractor added that the contracts embrace greater than 1,300 Javelin missiles funded from the latest Ukraine Supplemental Appropriations Act and orders for a number of worldwide prospects together with Norway, Albania, Latvia and Thailand.
Lockheed additionally stated that it’s working to extend its missile manufacturing charge past the present 2,100 per yr.
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Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.
Lockheed-Raytheon JV wins $309 mln Javelin missile contract from U.S. army & More Latest News Update
Lockheed-Raytheon JV wins $309 mln Javelin missile contract from U.S. army & More Live News
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