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Army

Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

By Matthew Beinart

Thursday, May 4th, 2023

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Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

A Javelin missile is fired

The Army has awarded Lockheed Martin [LMT] and Raytheon Technologies [RTX] a production contract for Javelin anti-tank missiles potentially worth up to $7.2. billion, the service announced on Wednesday evening. Lockheed Martin said the deal, which covers fiscal years 2023 through 2026 and includes a base period for $1.02 billion, will support ramping up production of Javelins to 3,960 missiles per year by late 2026. “We understand the importance of delivering Javelin and its proven capabilities to our customers worldwide…

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