RTX's Raytheon, Lockheed Martin's Javelin Joint Venture Wins $215 Million US Army Contract

09:42 AM EDT, 10/19/2026 (MT Newswires) -- RTX's (RTX) Raytheon and Lockheed Martin (LMT) said Monday their Javelin Joint Venture received a $215 million US Army production contract for Lightweight Command Launch Units used in the Javelin weapon system. The LWCLU, which replaces legacy launchers, is compatible with all Javelin variants, and is 30% smaller and 25% lighter than the current Block I unit, while doubling target detection and recognition capabilities, according to a statement. The contract follows five months after the joint venture's first LWCLU delivery to the Army, the companies said. Price: 193.44, Change: -0.46, Percent Change: -0.24