Lockheed Wins $100M For Navy Shipboard Aegis Updates

LockheedLogoLockheed Martin (NYSE: LMT) has won a $100, 685, 094 contract to update weapon and combat systems onboard U.S. Navy cruisers and destroyers.

The company will also update Aegis Weapon System and Aegis Combat System for future surface combatant Aegis ship classes, the Defense Department said Monday.

The Aegis Combat System Engineering Agent program includes design, development, integration and testing work for computer baselines.

Lockheed will also help install technology hardware and provide the Navy training and studies.

At the time of award, Lockheed will receive $2, 924, 119 in incremental funds and $50, 000 will expire at the end of the current fiscal year.

Work under the cost-plus-incentive-fee, cost-plus-fixed-fee contract is scheduled to complete by May 2018.

Check Also

Steve Worley, Chris Emerson Named to HawkEye 360 Board

Defense industry leaders Steve Worley and Chris Emerson have joined the board of directors of HawkEye 360, a Herndon, Va.-based radio frequency data analytics company.

General Atomics Buys IJK Controls to Drive UAS Tech Expansion

General Atomics has bought the intellectual property, facilities and other assets of Pasadena, Calif.-based gimbal maker IJK Controls for an undisclosed sum to add payload stabilization technology to the former's unmanned aircraft system offerings.