Lockheed-Raytheon JV awarded $309M in Javelin contracts from U.S. Army » 12:2605/1605/16/22
The U.S. Army recently…
The U.S. Army recently awarded the Javelin Joint Venture two production contracts for Javelin missiles and associated equipment and services with total value of $309. These contracts include more than 1300 Javelin missiles funded from the recent Ukraine Supplemental Appropriations Act and orders for several international customers including Norway, Albania, Latvia and Thailand. Javelin is developed and produced by the Javelin Joint Venture, a partnership of Raytheon Missiles & Defense (RTX) and Lockheed Martin (LMT). "The Javelin Joint Venture is working hard to meet this increase in demand," says Dave Pantano, Javelin Joint Venture vice president and Lockheed Martin Javelin program director. "Javelin's unique capabilities have proven to be a difference-maker in our users' defining moments, and we look forward to continuing our partnership with the Army to deliver this critical weapon system."
Raytheon Intelligence & Space, Kord partner to defeat multiple mortars » 10:5805/1605/16/22
In four weeks of…
In four weeks of continuous live-fire exercises, an industry team led by Raytheon Intelligence & Space and Kord, a wholly owned subsidiary of KBR, defeated multiple 60mm mortar rounds with a 50kW-class high energy laser integrated on a Stryker combat vehicle. A 50 kilowatt-class laser mounted on a U.S. Army Stryker vehicle, shown during a live-fire exercise at White Sands Missile Range in New Mexico. The combat-capable weapon system is on track for operational fielding in 2022. Photo courtesy of U.S. Army. The directed energy weapon system - part of the U.S. Army's Directed Energy Maneuver-Short Range Air Defense, or DE M-SHORAD - acquired, tracked, targeted and defeated multiple mortars and successfully accomplished multiple tests simulating real-world scenarios. Continuing to put the DE M-SHORAD system to the test, the recent operational assessment at White Sands Missile Range also included defeating several small, medium and large drones.
|Over a week ago|
Raytheon Technologies announces strategic investment in Hermeus » 10:0205/1205/12/22
Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures. Joining Hermeus' previously announced $100 million Series B financing round, RTX Ventures' investment in the company will directly support the buildout of its first aircraft, Quarterhorse, and accelerate development of its next aircraft, Darkhorse. "Hypersonic technologies are of critical importance to national security, which is why we made our first investment in a company with such a bold plan and vision in this space. Hermeus' technical approach and business plan balances near-term defense applications with long-term commercial aspirations and will help our customers reimagine the possibilities of hypersonic technologies," said Daniel Ateya, managing director of RTX Ventures.
Raytheon Technologies awarded $272.7M contract from U.S. Navy » 17:0805/1005/10/22
Raytheon is awarded a…
Raytheon is awarded a $272,672,545 firm-fixed-price, performance-based logistics requirements contract to provide logistics, repair, and upgrade support for 15 Multi-Spectral Targeting System Forward-Looking Infrared components in support of MH-60R and MH-60S helicopters. The contract will include a five-year base period with one two-year option period which if exercised, will bring the total estimated value to $376,414,525. Work is expected to be completed by May 2027; if the option is exercised, work is expected to be completed by May 2029. Working capital funds in the amount of $58,241,030 will be issued for delivery order N00383-22-F-0TH1 that will be awarded concurrently with the contract, and funds will not expire.
Raytheon, Lockheed Martin JV awarded $237.89M Army contract modification » 17:2005/0605/06/22
Raytheon (RTX) /Lockheed…
Raytheon (RTX) /Lockheed Martin (LMT) Javelin JV was awarded a $237.89M modification to a contract for the Javelin Missile System. Work will be performed in Tucson, Arizona, with an estimated completion date of November 30, 2025. FY22 missile procurement, Army funds in the amount of $237.89M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
Biden Administration announces launch of 'Additive Manufacturing Forward' plan » 12:4805/0605/06/22
DDD, SSYS, DM, PRLB, MTLS, GE, HON, LMT, RTX, SIEGY
The White House issued a…
The White House issued a fact sheet related to the Biden Administration's launch of "AM Forward," stating in part that "not enough American companies are using 3D printing or other high-performance production technologies." The fact sheet added: "That's why President Biden is pleased to join several leading American companies to celebrate the launch Additive Manufacturing Forward, or 'AM Forward,' a voluntary compact between large, iconic manufacturers and their smaller U.S.-based suppliers. GE Aviation, Honeywell, Lockheed Martin, Raytheon, and Siemens Energy are the initial participants in AM Forward. These leading manufacturers will support their U.S.-based suppliers' adoption of new additive capabilities, helping to transform shop floors across the country... Through AM Forward, each of these iconic companies will make clear, public commitments to purchase additively produced parts from smaller U.S.-based suppliers; train the workers of their suppliers on new additive technologies; provide detailed technical assistance to support their suppliers' adoption of new capabilities; and engage in common standards development and certification for additive products." Publicly traded companies in the 3D printing space include 3D Systems (DDD), Stratasys (SSYS), Desktop Metal (DM), Proto Labs (PRLB) and Materialise (MTLS). Reference Link
Manufacturers to boost reliance on U.S. firms for 3D printing, AP reports » 09:2605/0605/06/22
GE, HON, LMT, RTX, SMEGF
President Joe Biden is…
President Joe Biden is set to announce at an event in Ohio on Friday that five major U.S. manufacturers, GE Aviation (GE), Honeywell (HON), Lockheed Martin (LMT), Raytheon (RTX) and Siemens Energy (SMEGF), have made commitments to boost their reliance on small and medium American firms for 3D printing, The Associated Press' Aamer Madhani reports. Reference Link
Biden to visit facility where Lockheed is making Javelin weapon, CNBC reports » 10:0905/0305/03/22
President Joe Biden is…
President Joe Biden is set to tour Lockheed Martin's (LMT) Pike County Operations facility in Troy, Alabama where the company is developing the Javelin with Raytheon (RTX), Amanda Macias of CNBC reports. The Javelin is a portable anti-armor weapon. To date, the U.S. and its allies have sent 5,500 Javelins to the Ukrainian government. While in Troy, Biden will deliver remarks on U.S. security assistance to Ukraine and reiterate his request to Congress for more funding. Biden is seeking $33B in additional assistance. Reference Link
Raytheon Technologies awarded $102.19M Navy contract » 17:2804/2904/29/22
Raytheon Technologies was…
Raytheon Technologies was awarded a $102.19M firm-fixed-price contract for FY22 Navy and Foreign Military Sales, or FMS, procurements for Rolling Airframe Missile, or RAM, Block 2/2A Guided Missile Round Pack, spare replacement components and recertification. Work was expected to be completed by March 2025. FY22 weapons procurement funds in the amount of $75.47M; FMS funds in the amount of $17.2M; FMS funds in the amount of $487M; FMS funds in the amount of $3,114,342; FY22 operations and maintenance funds in the amount of $1.07M and FMS funds in the amount of $462,000 will be obligated at the time of award, of which $1.07M will expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 2304, International Agreement. The Naval Sea Systems Command is the contracting activity.
Raytheon Technologies announces Series A investment in Firehawk Aerospace » 10:2404/2804/28/22
Raytheon Missiles &…
Raytheon Missiles & Defense, a Raytheon Technologies business, announced it has completed a Series A investment in Firehawk Aerospace, a company that specializes in high-performance propulsion technology. The two companies will now collaborate on research and development projects that explore the integration of Firehawk's technology into future missile systems. "Advanced propulsion technology is critical to developing next-generation missile solutions. Over the next several years, our companies will work together to identify projects that evolve Firehawk's technology for use in defense applications," said Wes Kremer, president of Raytheon Missiles & Defense.