The Strategist

Lockheed Martin to increase production of Javelin and HIMARS

10/19/2022 - 09:50

Lockheed Martin, a U.S. military-industrial conglomerate, announced on Tuesday that it intends to increase production of weapons "necessary to defend the United States and its allies"

U.S. Army Alaska
U.S. Army Alaska
The list includes the Javelin man-portable air defense systems and the HIMARS multiple-launch rocket systems provided to Ukraine.

According to Lockheed Martin Chief Executive James D. Taiclet, "We are investing in capacity to develop (weapons) that are currently needed to protect our allies and our country, including F-35 fighter jets, Javelin, and HIMARS."

The filings also reveal a significant increase in the company's net profit from July through September, from $614 million to over $1.8 billion. According to a statement from the corporation, earnings per share increased from $2.21 to $6.71.



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