Business Journal
© Reuters. FILE PHOTO: Ukrainian provider individuals care for stop a Javelin missile blueprint, at a feature on the entrance line in the north Kyiv living, Ukraine March 13, 2022. REUTERS/Gleb Garanich/File Swear
(This Might well also 16 yarn corrects headline and paragraph 1 to elaborate contract became awarded to the JV, no longer Lockheed.)
(Reuters) – A joint enterprise between Lockheed Martin Corp (NYSE:) and Raytheon Technologies (NYSE:) Corp has been awarded two contracts price $309 million by the U.S. military for its Javelin missiles, the antitank weapon that has helped Ukraine fight Russia’s invasion, Lockheed acknowledged on Monday.
The Javelin missiles are made jointly by Lockheed and Raytheon (NYSE:)’s missile unit.
Inquire for Javelin missiles stays high because the war in Ukraine worsens, where they were outdated to quit Russian tanks from advancing on the capital, to an artillery fight in Ukraine’s east.
To this point, the US has despatched extra then 5,500 Javelin methods to Ukraine.
The defense contractor added that the contracts consist of extra than 1,300 Javelin missiles funded from the contemporary Ukraine Supplemental Appropriations Act and orders for several worldwide customers including Norway, Albania, Latvia and Thailand.
Lockheed additionally acknowledged that it’s working to manufacture bigger its missile production price beyond primarily the most up-to-date 2,100 per year.
