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Lockheed Aegis Ashore Engineering Contract Now $197M

Lockheed Martin’s (NYSE: LMT) contract to provide engineering services to the Missile Defense Agency for the Aegis Ashore program now has a maximum value of $197,413,781.

The Defense Department said the company’s mission systems and sensors business will continue to provide phase 2B engineering for a host nation’s skids and skids accessories until Oct. 31, 2013.

MDA will spend $6,889,542 in fiscal year 2012 funds for research, development test and evaluation to incrementally fund the program.

Lockheed received a $115,508,368 contract modification in December to provide adaptation efforts, site and transportation planning, technology initiatives and studies for Aegis Ashore.

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