Home / Contract Awards / Lockheed Wins $148M to Integrate Navy Aegis System

Lockheed Wins $148M to Integrate Navy Aegis System

Lockheed Martin (NYSE: LMT) won a $148.5 million U.S. Navy contract modification to provide an Aegis weapon system, the Defense Department said Wednesday.

Lockheed will produce and integrate the system for the Navy’s DDG 116 guided-missile destroyer.

Lockheed will also purchase material assemblies to support a host nation of the Aegis missile defense system.

The Pentagon expects work to complete by January 2017.

The Naval Sea Systems Command in Washington is the contracting activity.

Other News

Tony Moraco

SAIC to Buy Intell Contractor Scitor for $790M Cash; Tony Moraco Comments

Science Applications International Corp. (NYSE: SAIC) has agreed to acquire intelligence community contractor Scitor Corp. for $790 million ...

Logistics

Navy Awards Lockheed-Sikorsky JV Potential $2B for H-60 Upgrades

A Lockheed Martin (NYSE: LMT)-Sikorsky joint venture has been awarded a potential $2 billion contract ...