Lockheed CEO Says Supply Chain Must ‘Crank Up’ to Build Javelins

Jim TaicletPhotographer: Andi Rice/Bloomberg
Lock
This article is for subscribers only.

Lockheed Martin Corp. is working to almost double its production capacity for Javelin missiles to 4,000 a year and achieving that goal will require the supply chain to “crank up,” the defense contractor’s top executive said.

The Ukrainian army has used Lockheed’s missiles to great effect in destroying Russian tanks and armaments, and the company is ramping up production to ensure the U.S. military’s supplies aren’t depleted. Right now Lockheed can build about 2,100 Javelins a year, Chief Executive Officer Jim Taiclet said Sunday on CBS’s “Face the Nation.”