RTX and Lockheed Martin Joint Venture Wins $215 Million US Army Launcher Contract
The RTX and Lockheed Martin joint venture will receive $215 million from the US Army to produce Javelin missile launchers, the companies said on Monday.
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what happened
According to Dow Jones Newswires, a joint venture of RTX and Lockheed Martin has been awarded a 215 million dollar contract by the US Army. The work covers producing Lightweight Command Launch Units for the Javelin missile system.
The companies said on Monday that the new launcher is smaller and lighter than the legacy command launch unit, while offering greater capability. It is designed to work with all current, past and future Javelin variants.
why it matters
For markets this is a modest order, and it is unlikely to noticeably affect the financial results or share prices of defense groups of this size. Still, contracts like this point to steady US Army demand for upgrading its missile systems.
tags
instruments
sources
- RTX, Lockheed Martin Joint Venture Gets $215M Army Contract for Missile Launchers — Dow Jones Newswires, 19 October 2026 at 13:50 UTC
- RTX, Lockheed Martin Joint Venture Gets $215 Million Army Contract for Missile Launchers — Dow Jones Newswires, 19 October 2026 at 14:05 UTC
- RTX, Lockheed Martin JV wins $215M U.S. Army contract for Javelin launchers — Seeking Alpha, 19 October 2026 at 15:15 UTC
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