The U.S. Army has signed a contract with Javelin Joint Venture (JJV) for the production of Javelin missiles and related equipment and services for the 2024 fiscal year for a total of $1.3 billion, the press service of Raytheon Technologies (RTX) reports.

"As the largest single-year Javelin production contract to date, this is the first follow-on award that is a part of an indefinite-delivery, indefinite-quantity (IDIQ) production contract that was initially awarded in May 2023," the report notes.

This contract provides procurement of Javelin weapon systems and production support for the U.S. Army. Last year, the JJV began production ramp-up activities to increase Javelin All Up Round (AUR) production to 3,960 per year by late 2026.

"With more than 25 international customers worldwide, the contract supports Javelin’s increased global demand, including new international customer Kosovo. The contract also includes more than 4,000 Javelins to replenish rounds sent to Ukraine," the company reported.

Lockheed Martin and Raytheon will act as manufacturers under the contract.

"Now more than ever, Javelin is recognized as the most effective, combat-proven anti-armor weapon system in the world," Andy Amaro, JJV president and Javelin program director at Raytheon, an RTX business. "Through this contract, we will continue to produce and deliver this needed capability to support global ground forces in their efforts to protect and defend their interests and sovereignty."