Lockheed Martin (NYSE: LMT) won a $148.5 million U.S. Navy contract modificationTypes: Administrative Change : A unilateral contract change that does not affect the contractual rights of the parties. Change order: A written order, signed byBudget Year the CO, directing that the contractor to make a change authorized byBudget Year the "changes" clause. Not issued without contractor consent. 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 byBudget Year January 2017.
The Naval Sea Systems Command in Washington is the contracting activity.