Lockheed Martin has received a $7 million modification to Japan’s Aegis Modernization Lifetime Support efforts for Kongo and Atago class ships under the U.S. Foreign Military Sales Program. This modification includes options which if exercised would increase the cumulative value of the contract by $41 million. Lockheed Martin will provide planning, scheduling, and execution support for Japan Aegis Modernization to support Kongo and Atago class destroyers, which will be outfitted with ballistic missile defense capabilities. Lockheed will also prepare for and respond to price and availability requests, conduct studies, and support the U.S. Navy in development of a technology control plan to address product protection, computer program modifications, and future cooperative development between the U.S. and Japan. Work will be performed in Moorestown and should be finished by March 2010.
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 (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 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.