Javelin Joint Venture inked the initial pact with Poland's state-owned Polska Grupa Zbrojeniowa (PGZ) to explore establishing a final assembly facility and component production capabilities in Poland.

The Javelin anti-tank weapon system is a shoulder-fired anti-armor system that automatically guides itself to the target after launch. 

This agreement will stabilize future production of the Javelin system for U.S. forces while providing unique opportunities for Polish industry.

The Javelin Joint Venture has produced over 50,000 Javelin missiles and over 12,000 reusable Command Launch Units. 

Price Action: LMT shares closed lower by 4.77% at $423.94 on Wednesday.