Lockheed, Raytheon Venture Lands $1.3 Billion Missile Contract

The deal is the largest single-year missile contract to date.

Javelin A Shorter Tail Hr
Lockheed Martin

The Javelin Joint Venture (JJV) is a partnership between Raytheon and Lockheed Martin responsible for making some 50,000 Javelin missiles and more than 12,000 reusable Command Launch Units.

Yesterday, the U.S. Army awarded JJV a $1.3 billion contract for Javelin missiles and associated equipment and services. The deal is the largest single-year Javelin production contract to date, and the first follow-on award that is a part of an indefinite-delivery, indefinite-quantity (IDIQ) production contract initially awarded in May 2023.

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The contract will procure Javelin weapon systems and production support for the U.S. Army. Last year, the JJV started ramping up production to increase Javelin All Up Round (AUR) production to 3,960 per year by late 2026.

With more than 25 international customers worldwide, the contract supports Javelin’s increased global demand, including new international customer Kosovo. The contract also includes more than 4,000 Javelins to replenish rounds sent to Ukraine.

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