Hello, Guest!
  • Tuesday, April 23, 2024

Lockheed Wins Aegis Commercial Equipment Sale

LockheedLogoLockheed Martin (NYSE: LMT) has won a a $29, 478, 449 to design, engineer and build commercial-equipment for Aegis computer programs and equipment.

The company’s mission systems and training business will also help develop and test the equipment for an Aegis modernization program under a foreign military sales agreement, the Defense Department said Thursday.

Equipment covered under the contract includes cabinets, consoles, cables and switches.

Work will occur in Moorestown, N.J.; Clearwater, Fla.; Akron, Ohio through June 2014 and the company will receive $26, 089, 734 at the time of award.

No funds will expire at the end of the current fiscal year, the Pentagon said.

Video of the Day

Related Articles

Lockheed Books $462M Navy Contract for Aegis Site Operation & Maintenance Contract Awards

Lockheed Books $462M Navy Contract for Aegis Site Operation & Maintenance

Lockheed Martin's (NYSE: LMT) rotary and mission systems business has secured a potential four-year, $462.4 million contract to operate and maintain development and test sites for the U.S. Navy's Aegis combat system. Naval Sea Systems Command awarded the contract on a sole-source basis and expects work to conclude by January 2028.

Leidos Records 5% Revenue Growth in Q1 FY 2022; Roger Krone Quoted Financial Reports

Leidos Records 5% Revenue Growth in Q1 FY 2022; Roger Krone Quoted

Leidos (NYSE: LDOS) saw its first-quarter revenue for the fiscal year 2022 climb 5 percent to $3.5 billion and posted $177 million in net income and diluted earnings per share of $1.25 during the quarter. The Reston, Virginia-based technology services contractor said Tuesday the sales growth from the prior-year period across reportable segments was driven

Lockheed Gets $724M MDA Follow-On Contract for Aegis Dev’t, Engineering Support Contract Awards

Lockheed Gets $724M MDA Follow-On Contract for Aegis Dev’t, Engineering Support

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business has received a potential $724M contract from the Missile Defense Agency to provide lifecycle engineering and development support for the Aegis ballistic missile defense system.