The U.S. Army has awarded a $215 million contract to the Javelin Joint Venture, a partnership between Raytheon and Lockheed Martin, for the production of Lightweight Command Launch Units (LWCLU). These next-generation launchers are 30% smaller, 25% lighter, and double the target detection and recognition capabilities compared to the current units, enhancing operational readiness and soldier effectiveness. The LWCLU supports all current and future Javelin missile variants, reflecting ongoing modernization efforts to improve the Army's combat capabilities. Production follows the delivery of initial units five months ago, with the JJV having produced over 55,000 Javelin missiles to date.
Raytheon Technologies (RTX) shares are priced at USD 190.28 on Pluang as of Oct 19, 2026 20:11 WIB, down 1.88% for the day. Lockheed Martin (LMT) trades at USD 541.80, also down 1.86% on the same date. These prices reflect current market sentiment for the companies involved in the Javelin Joint Venture contract.
