:

Army

Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

By Matthew Beinart

Thursday, May 4th, 2023

SHARE:

Army Awards Lockheed, Raytheon New Javelin Production Deal Worth Up To $7.2 Billion

A Javelin missile is fired

The Army has awarded Lockheed Martin [LMT] and Raytheon Technologies [RTX] a production contract for Javelin anti-tank missiles potentially worth up to $7.2. billion, the service announced on Wednesday evening. Lockheed Martin said the deal, which covers fiscal years 2023 through 2026 and includes a base period for $1.02 billion, will support ramping up production of Javelins to 3,960 missiles per year by late 2026. “We understand the importance of delivering Javelin and its proven capabilities to our customers worldwide…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]