Raytheon / Lockheed Martin Javelin JV

Raytheon / Lockheed Martin Javelin JV, a joint venture between Raytheon and Lockheed Martin operating under the Raytheon name, designs and manufactures the Javelin anti-tank guided missile system and delivers engineering support, production sustainment, and lifecycle contractor services to the U.S. Army as a full-and-open prime contractor with no set-aside designations. The partnership is structured as a limited liability partnership and child entity, headquartered in Tucson, Arizona, where all Javelin work is performed.

Customer concentration is extreme and sole-source. The Department of the Army's Program Executive Office for Missiles and Space funds 34 awards valued at $16.75 billion in combined potential value, representing 90% of the joint venture's total federal exposure across 140 tracked awards. The Army Materiel Command Aviation and Missile Life Cycle Management Command accounts for an additional 17 awards worth $1.8 billion. The Defense Logistics Agency (Aviation and Land and Maritime segments) carries 28 awards valued at approximately $913 thousand across small-scale ammunition and parts demand-pull orders, evidencing a two-tier customer structure dominated by PEO Missiles and Space for Javelin systems, with DLA providing consumables and spares at transaction-level scale.

The joint venture holds two single-award indefinite delivery contracts from PEO Missiles and Space issued May 2, 2023, and October 31, 2023. The production IDC (W31P4Q23D0014) carries a $7.27 billion ceiling through February 28, 2031, and has executed four delivery orders totaling approximately $1.90 billion to date, including a $1.07 billion firm-fixed-price order (August 23, 2024) for production of 6,432 all-up-round missiles with production ramp-up and a $768 million urgent replenishment order (August 27, 2025) for fiscal year 2025 missile and battery cooling unit procurement. The engineering services IDC (W31P4Q24D0001) is valued at $145.5 million through July 29, 2026, and has supported 14 task orders worth $53 million in combined potential value covering program sustainment, configuration management, validation and verification (including Title III Defense Production Act activities with Aerojet Rocketdyne), software and hardware updates, and lifecycle contractor support. Recent task-order awards include a $29.1 million Spiral 3 Alternate Seeker Prototype effort (September 24, 2025, completing September 30, 2027), a $5 million program sustainment order, and a $2.4 million engineering services order (all July–September 2025).

Activity has remained consistent at approximately 8–9 awards per year from 2024 through 2025, following a spike to two awards in 2019 and a ramp to four awards in 2023. Ten awards valued at $3.32 billion face ultimate completion within the next twenty-four months, creating substantial recompete exposure tied to ongoing Javelin production and engineering-support demand.

The joint venture's subcontractor network is extensive and stable. Named subcontractors include Meggitt San Diego (supplying missile housings, warhead components, and critical structures valued over $27 million on production contracts), Aerojet Rocketdyne (Title III DPA support and propulsion components), Atlantic Inertial Systems (guidance and navigation components), Parker Hannifin (fluid systems and subsystems), Shellcast Foundries (warhead gas shield castings), Cooper Interconnect (receptacle connector assemblies and flex assemblies), J.i. Machine Company (woman-owned small business providing machined warhead gas shield components), Acme Aerospace (battery cable assemblies and charger components), Asrc Federal System Solutions LLC (handgrips), Mission Systems Orchard Park Inc. (latch assemblies), Corland Co. (fasteners and self-locking nuts), and other specialty-materials and labor providers. Across SCI-reportable prime contracts, subcontractors execute 88% of total contractor hours, with 16 named subcontractors appearing across the portfolio—a posture consistent with prime-contractor integration of a complex industrial supply chain optimized for sole-source Javelin sustainment and production.

SCI-reported invoiced revenue on federal service contracts above the $150,000 threshold totaled $190.4 million across fiscal years 2022 through 2024 (FY2022: $59.3 million, FY2023: $63.3 million, FY2024: $67.7 million), with a blended government-paid hourly-rate median of $148.89/hr (10th percentile $1.00/hr, 90th percentile $230.19/hr). SCI captures only service contracts above reporting thresholds and excludes goods, products, classified contracts, and non-federal revenue; the joint venture's total federal and enterprise revenue substantially exceeds these figures given the $7.27 billion production IDIQ and the scale of Javelin manufacturing work.