TUCSON, Ariz., Aug. 31, 2016 /PRNewswire/ -- The Javelin™
Joint Venture team, a partnership between Raytheon Company (NYSE:
RTN) and Lockheed Martin (NYSE: LMT), signed a letter of intent
(LOI) with Tata Power Company Limited operating through its
Strategic Engineering Division (SED), to explore co-development and
production of the Javelin anti-armor missile system.
"This agreement brings together three world leaders in aerospace
and defense technology to extend Javelin to new customers, new
applications and new platforms," said John
Halvey, Javelin Joint Venture president at Raytheon Missile
Systems. "With this deal, we are also reinforcing our continued
support of the 'Make in India'
initiative."
As part of the LOI, the Javelin Joint Venture (JJV) and Tata
Power SED will create a strategy to co-develop and produce the
Javelin missile system and integrate platform mounts to meet Indian
requirements. This includes ground combat vehicle, dismounted
infantry and rotorcraft applications.
"The combat-proven Javelin continues to fulfill a critical
precision-strike role with our domestic and international
partners," said Rich Benton, Javelin
Joint Venture vice president and Javelin program director at
Lockheed Martin Missiles and Fire Control. "We look forward to
working with Tata Power SED to maximize the versatility and
lethality of Javelin on these new platforms."
In addition to meeting the Government of India's "Make in India" objectives, the LOI establishes a
framework for future technological cooperation between the Javelin
Joint Venture and Tata Power SED.
"Since the early 1980s,Tata Power SED has established its
R&D and 'Make in India'
credentials, as part of Dr. Kalam's Integrated Guided Missile
Development Program," said Rahul
Chaudhry, Chief Executive Officer at Tata Power SED. "Now,
our partnership with the JJV will bring the world's best technology
to our soldiers enabling battlefield supremacy. Indian industry
will benefit immensely from the depth and range of this planned
technology transfer and co-development."
About Javelin
Javelin is a compact, lightweight
missile designed for one-soldier operations in all environments. 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 15 foreign military sales customers.
About Tata Power SED
The Tata Power Company Limited
operating through it' Strategic Engineering Division (Tata Power
SED) has been a leading private-sector player in the indigenous
Design, Development, Production, Integration, Supply and Life-cycle
Support of mission critical Defence Systems of Strategic
importance, for close to four decades. During this period, the
Division has partnered the Ministry of Defence (MoD), the Armed
Forces, DPSUs and DRDO in the development & supply of state-of-
the-art Systems and emerged as a Prime Contractor to MoD for
Indigenous Defence Production when it secured Orders for Pinaka
Multi Barrel Rocket Launcher, Akash Army Launcher and Integrated EW
System for the Indian Army and for the Akash Air Force Launcher,
COTS-based Automatic Data Handling System for Air Defence and
Modernisation of Airfield Infrastructure (MAFI) for the Indian Air
Force, Tactical Communication Systems and Battlefield Management
Systems. For more information, visit www.TataPowerSED.in.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
98,000 people worldwide and is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services. For additional
information, visit our website: www.lockheedmartin.com.
About Raytheon
Raytheon Company, with 2015
sales of $23 billion and 61,000
employees, is a technology and innovation leader specializing in
defense, civil government and cybersecurity solutions. With a
history of innovation spanning 94 years, Raytheon provides
state-of-the-art electronics, mission systems integration,
C5I™ products and services, sensing, effects, and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham,
Massachusetts. Follow us on Twitter @Raytheon.
www.raytheon.com
Melissa
Hilliard
|
Lorenzo
Cortes
|
+1.407.356.5351
|
+1.
520.308.0695
|
melissa.hilliard@lmco.com
|
lorenzo.r.cortes@raytheon.com
|
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SOURCE Raytheon Company