U.S. Army Awards Javelin Joint Venture $215 Million Production Contract

Key Facts

1The U.S. Army awarded the Javelin Joint Venture a $215 million production contract for Lightweight Command Launch Units (LWCLU).

The U.S. Army awarded the Javelin Joint Venture a $215 million production contract for Lightweight Command Launch Units (LWCLU). PR Newswire reported that the contract supports U.S. Army modernization efforts by providing improved capabilities through the production of these next-generation launchers, developed by the partnership between Raytheon and Lockheed Martin.

Lockheed Martin (LMT) closed at $552.09 on October 16, 2026, with a session high of $553.14 and a low of $536.69. This award strengthens the company's position in defense technology delivery, coinciding with recent economic data showing U.S. industrial production grew by 0.7% in September 2026.