U.S. Army Awards Javelin Joint Venture $1.3B Contract
Portfolio Pulse from Benzinga Newsdesk
The U.S. Army has awarded a $1.3 billion contract to the Javelin Joint Venture, a partnership between RTX and Lockheed Martin, for the production of Javelin anti-tank missiles.
August 29, 2024 | 7:11 pm
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Lockheed Martin, as part of the Javelin Joint Venture, has been awarded a $1.3 billion contract by the U.S. Army for Javelin missiles, which could enhance its defense revenue.
Lockheed Martin's involvement in the Javelin Joint Venture and the substantial contract from the U.S. Army is likely to positively impact its revenue and market position in the defense industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RTX, as part of the Javelin Joint Venture, has secured a $1.3 billion contract from the U.S. Army for Javelin missiles, potentially boosting its defense segment revenues.
The contract is significant for RTX as it directly involves the company in a major defense deal, likely increasing its revenue and strengthening its position in the defense sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80