Sri Lankans vote in a presidential election that will decide how it recovers from economic crisis
A school bus is being used to give students experience in the food industry
Trump presses to change Nebraska election law, in fight for a sole electoral vote
Court rules nearly 98,000 Arizonans whose citizenship hadn't been confirmed can vote the full ballot
Brazil's government improves fiscal outlook for the year
Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
Wojnarowski one of the first significant sports 'insiders' to step away from the spotlight
Lewd posts by Trump-backed candidate for NC governor removed from porn forum
A lost cat's mysterious 2-month, 900-mile journey home to California
(Reuters) - A joint venture between Lockheed Martin and RTX's Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in Ukraine's defense against Russia's invasion, Lockheed said on Thursday.
This latest agreement is part of a larger contract awarded last year, which could reach up to $7.2 billion for an "indefinite quantity" of missiles between 2023 and 2026.
Since then, the joint venture has been ramping up Javelin production, with plans to reach an annual manufacturing capacity of around 4,000 missiles by late 2026.
The new contract includes the production of more than 4,000 Javelins specifically to replenish stocks sent to Ukraine, the Maryland-based defense contractor said.
Demand for U.S. weaponry, particularly shoulder-mounted Javelin systems, remains high in Europe due to the ongoing conflict between Ukraine and Russia.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Tasim Zahid)
