Lockheed-RTX JV signs MoU to produce Javelin anti-tank missiles in Poland
- September 12, 2023
- Posted by: Quatro Strategies
- Categories: Aerospace & Defense, Europe, United States
Lockheed Martin, in collaboration with Raytheon Technologies (RTX), is set to expand its production of the Javelin anti-tank weapon system in Poland.
The two companies, operating under the Javelin Joint Venture, recently signed a memorandum of understanding (MoU) with Polska Grupa Zbrojeniowa to explore the possibility of establishing a final assembly facility and component production capabilities within Poland.
This strategic move comes amid increasing demand for U.S. weaponry in Europe. However, it’s notable that the focus of these procurements has predominantly been on more cost-effective and less complex items like shoulder-fired missiles, artillery, and drones, rather than high-cost items such as fighter jets and main battle tanks.
The Javelin missile system, developed by Lockheed Martin and Raytheon, is renowned for its effectiveness against armored vehicles. To date, the Javelin Joint Venture has produced over 50,000 Javelin missiles and more than 12,000 reusable Command Launch Units.
This expansion into Poland not only underscores the versatility and demand for the Javelin system but also strengthens Lockheed Martin’s global presence in the defense industry.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
EU’s chips act ignites semiconductor innovation
The European Union’s ambitious Chips Act is set to bolster domestic chipmaking capabilities through significant funding, with leading research labs in Europe receiving 2.5 billion euros to establish a pilot line for developing and testing advanced computer chips. This initiative aims to address chip shortages experienced…
Malaysia shines as Southeast Asia’s investment hotspot amidst regional instability
Malaysia is emerging as a standout in Southeast Asia, drawing increasing interest from foreign investors who are attracted by its improving economic growth, stable government, and a rising currency. This trend is especially notable as neighboring countries grapple with political instability. In July alone, foreign investors…
Germany’s SEFE eyes €500 million investment for hydrogen storage conversion
SEFE, a German nationalized gas trader, is exploring the possibility of converting some of its underground storage caverns and pipelines to accommodate clean hydrogen, according to its CEO Egbert Laege. This transformation could involve investments totaling around 500 million euros ($541 million)…