US Approves Possible $832M Javelin Missile Sale to Egypt
What happened
The US Department of State approved a possible sale to Egypt of over 2,000 Javelin anti-tank missile systems for a total cost of $832 million. The sale includes up to 2,020 Javelin FGM-148F missiles and up to 200 Javelin Lightweight Command Launch Units. The transaction, which was requested by Egypt, still requires approval by the US Congress.
From defenceweb.co.za
Why it matters
The defense contract involves major US aerospace and defense manufacturers, Lockheed Martin and RTX Corporation, as principal contractors. The deal represents a significant revenue opportunity for the contractors and contributes to the ongoing production ramp-up of the Javelin system.
From defenceweb.co.za
Who's involved
- EgyptRequested to purchase the Javelin anti-tank missile systems.
- Lockheed MartinPrincipal contractor for the Javelin Foreign Military Sale.
- RTXPrincipal contractor for the Javelin Foreign Military Sale.
- Egyptian Armed ForcesThe military force of Egypt that would receive the systems.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lockheed MartinSpeculative
Lockheed Martin could see increased revenue from the defense contract.
- RTXSpeculative
RTX Corporation could see increased revenue from the defense contract.