Lockheed Martin wins US$309m Javelin missile contract from US army

LOCKHEED Martin Corp has been awarded 2 contracts worth US$309 million by the US army for its Javelin missiles, the antitank weapon that has helped Ukraine fight Russia’s invasion, the company said on Monday (May 16).

The Javelin missiles are made jointly by Lockheed and Raytheon Technologies’ missile unit.

Demand for Javelin missiles remains high as the war in Ukraine worsens. These missiles were used to stop Russian tanks from advancing on the capital, to an artillery battle in Ukraine’s east.

So far, the United States has sent more then 5,500 Javelin systems to Ukraine.

The defence contractor added that the contracts include more than 1,300 Javelin missiles funded from the recent Ukraine Supplemental Appropriations Act and orders for several international customers including Norway, Albania, Latvia and Thailand.

Lockheed also said that it is working to increase its missile production rate beyond the current 2,100 per year.

SEE ALSO

Blinken says Russia is failing in its war aims, Ukraine succeeding

Lockheed quarterly profit falls 5.7% on supply chain snags

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

REUTERS