(Reuters) – A joint endeavor in between Lockheed Martin and RTX’s Raytheon was granted a $1.3 billion follow-on agreement by the united state military for its Javelin rockets, which has actually played a significant function in Ukraine’s protection versus Russia’s intrusion, Lockheed claimed on Thursday.
This newest arrangement belongs to a bigger agreement granted in 2015, which might rise to $7.2 billion for an “indefinite quantity” of rockets in between 2023 and 2026.
Since after that, the joint endeavor has actually been increase Javelin manufacturing, with strategies to get to a yearly production ability of around 4,000 rockets by late 2026.
The brand-new agreement consists of the manufacturing of greater than 4,000 Javelins particularly to renew supplies sent out to Ukraine, the Maryland- based protection professional claimed.
Demand for united state weapons, especially shoulder-mounted Javelin systems, stays high in Europe because of the recurring problem in between Ukraine and Russia.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Tasim Zahid)
