Lockheed, Raytheon Secure $1.3 Billion Javelin Missile Contract

Lockheed Martin Corporation (LMT) and Raytheon, part of RTX Corporation (RTX) , have been awarded a $1.3 billion follow-on contract by the U.S. Army for Javelin missiles. These missiles have played a significant role in Ukraine's defense. This latest agreement, which builds on a larger contract from last year, could total up to $7.2 billion for an indefinite quantity of missiles between 2023 and 2026. The companies have been increasing Javelin production to meet rising demand and aim to achieve an annual ma ...