Raytheon Company and Lockheed Martin awarded $176 million weapon system contract

The Raytheon Company and Lockheed Martin were recently awarded a $176 million Javelin Joint Venture contract to produce 842 Block I Javelin missile rounds and 120 command launch units.

"The Javelin Joint Venture is providing U.S. and allied warfighters with an affordable, versatile and lethal one-man-portable, anti-tank, guided missile and surveillance weapon," Raytheon Javelin Program Director and Javelin Joint Venture President Jeff Miller said. "This contract is important to the Javelin program because the CLU retrofit business keeps our production line warm through mid-2015."

Once completed, the missiles will be delivered to the United States Army, U.S. Marine Corps, Oman, Jordan and Indonesia. The CLUs will be delivered to the U.S. Army starting October 2014.

"This contract allows us to provide to our customers one of the most reliable and user-friendly systems in the world," Lockheed Martin Javelin Program Director and Javelin Joint Venture Vice President Barry James said. "Javelin has proven and continues to prove itself time and time again in combat."

Javelin is a compact and lightweight missile that allows one-soldier operations to engage and defeat targets in close combat. It improves direct-fire abilities against armored vehicles, buildings and field fortifications in ranges up to two and a half kilometers.

The missile is used in the U.S. Army and the U.S. Marines Corps, and is approved for sale to foreign military.