Raytheon to Build Navy Aegis Radar Transmitters, Fire Control Equipment for $406M

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Raytheon (NYSE: RTN) has been awarded a multi-year $406,024,307 procurement contract to produce radar transmitter groups and missile fire control system equipment for the U.S. Navy. The Navy is obligating $205,532,390 million in fiscal year 2013 shipbuilding and conversion funds at the time of award, the Defense Department said Friday. The contract covers the Aegis Weapon System AN/SPY-1D(V) radar...

MDA Plans $3B SM-3 Production Contract for Raytheon

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The U.S. Missile Defense Agency plans to award Raytheon‘s (NYSE: RTN) missile systems business a potential three-year, $3 billion contract for Standard Missile-3 weapons. MDA expects to start awarding the sole-source contract’s funds to Raytheon in fiscal year 2015 under the agency’s Aegis Ballistic Missile Defense Program, according to a FedBizOpps notice posted Tuesday. The agency...

Lockheed Wins Potential $304M to Engineer Aegis Test Sites

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Lockheed Martin (NYSE: LMT) has won a potential $304,402,466 U.S. Navy contract to provide technical engineering and other related services at three Aegis development and test sites. The cost-plus-incentive-fee, cost-plus-fixed-fee contract combines 72.9 percent of purchases for the Navy and the remaining 27.1 percent is covered under the foreign military sales program, the Defense Department said...

Lockheed to Engineer Aegis Upgrade Under $1.4B MDA Contract

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Lockheed Martin (NYSE: LMT) has won a $69,386,572 contract modification to acquire equipment and other materials to engineer an upgrade baseline for missile defense systems on U.S. Navy destroyers. This sole-source, cost-plus-incentive-fee, cost-plus-award-fee contract modification increases the total contract value from $1,340,453,696 to $1,409,840,268, the Defense Department said Wednesday. The...

Lockheed Wins Aegis Commercial Equipment Sale

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Lockheed 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...

Lockheed Wins $100M For Navy Shipboard Aegis Updates

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Lockheed 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...

Lockheed Installing, Testing Navy Aegis Systems For $1B

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Lockheed Martin (NYSE: LMT) will install ballistic missile defense systems on three U.S. Navy destroyers under a potential $1,316,430,438 Missile Defense Agency contract. The contract reached that value as the company won a $30,226,670 modification under a previously-awarded sole-source-cost-plus-incentive-fee/cost-plus-award-fee contract, the Defense Department said Thursday. This modification covers...

Lockheed Prime on Proposed $421M Japan Aegis Upgrade Sale

Lockheed Martin (NYSE: LMT) is the prime contractor on a proposed 1 million sale of Aegis Combat System upgrades to Japan, the Defense Security Cooperation Agency announced Monday. The agency said the sale includes modernization and upgrades to Aegis systems on two Atago-class destroyers with the goal of updating ballistic missile defense capabilities. The sale includes: a weapon system computer program two...

Lockheed Reports 4% Higher Electronic Systems Sales for 3Q 2012

Lockheed Martin (NYSE: LMT) has announced financial results for its fiscal year 2012 third quarter ended Sept. 30, 2012, reporting a four percent increase in net sales for the electronic systems segment from the prior year period. The company reported $3.81 billion in net sales for that segment during 2012’s third quarter, compared to $3.66 billion for the prior year period. Lockheed attributed...

Lockheed Wins Potential $206M Aegis Logistics Follow-On

Lockheed Martin (NYSE: LMT) has won a potential $206,882,540 follow-on contract to provide the U.S. Navy with logistics packages and production baseline updates for a missile defense system. The Defense Department said the contract also includes foreign military sales for Aegis Weapon System spare and repair material support. Those potential customers are unknown at this time, according to the Pentagon. Eighty-one...