PARIS, June 17, 2013 /PRNewswire/ -- As part of the Indian Army and U.S. Army Yudh Abhyas joint exercise, the Raytheon Company (NYSE: RTN) and Lockheed Martin Corporation (NYSE: LMT) Javelin Weapon System proved flawless performance as an anti-tank guided missile.
Five Javelin missiles fired from the command launch unit achieved five direct-hits. The Javelins were fired by two U.S. Army gunners from the 82nd Airborne Division and three Indian Army gunners.
"In recent years, Indian and U.S. gunners have fired a total of 16 Javelin missiles with 16 direct-hits in multiple Yudh Abhyas joint exercises; the results speak for themselves," said Duane Gooden, president of the Javelin Joint Venture and director of the Raytheon Javelin program. "These warfighters experienced reliability and user friendliness first hand."
Javelin is the world's only shoulder launched, fire-and-forget missile system that is combat proven and capable of defeating any armored vehicle."Javelin provides a key opportunity to strengthen the U.S. and India relationship, and the Javelin Joint Venture regards it as a high priority. We are prepared to comply with India's requirement for major defense procurements," said Barry James, vice president of the Javelin Joint Venture and Javelin program director at Lockheed Martin. About Javelin Javelin is the world's most versatile and lethal one-man-portable, anti-tank, guided missile and surveillance weapon system. It is made by the Javelin Joint Venture, a partnership between Raytheon Company and Lockheed Martin. Javelin has been adopted by international armed forces around the world. It is currently fielded with the U.S. Army and U.S. Marine Corps and has also been approved for foreign military sales to 13 nations. About Lockheed Martin Corporation Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 118,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2012 were $47.2 billion. For additional information, visit our website: http://www.lockheedmartin.com. About Raytheon Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon. Media Contact Raytheon Jaclyn Gutmann 781.879.2789 email@example.com Media Contact Lockheed Martin Melissa Hilliard 407.356.5351 firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV