
On 3 May, Lockheed Martin and Raytheon Technologies were awarded the Javelin Joint Venture, a contract to supply the Javelin Missile System to the US Army for the next three years.
According to Doug Bush, the Assistant Secretary of the Army for Acquisition, Logistics and Technology, the Army and its industry partners are working to reduce the production lead time for these systems. “This contract award further illustrates the urgency the US government is applying to the acquisition of systems and replenishing munitions stockpiles.”
The contract enables the procurement and production support of the Javelin Missile System for the Army, Marines, Navy, and international clients.
The indefinite-delivery and indefinite-quantity contract is for fiscal years 2023 through 2026, with a base period executed for $1.02bn and a ceiling of $7.2bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Javelin Missile System is a highly advanced missile with a fire-and-forget capability, lock-on before launch, and automatic self-guidance.
The Javelin is capable of executing a top attack flight profile against armoured vehicles, breaching areas with relatively low armoured protection. The system can also be used in direct attacks against buildings, close-in targets, targets under obstructions, and helicopters.
Equipped with an imaging infrared seeker and tandem warhead, the Javelin Missile System has seen considerable and effective use by Ukrainian forces inter defence against Russia.