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Lockheed Partners with NANA for Missile Deal

Lockheed Martin (NYSE: LMT) and NANA Development Corporation will team to compete for the U.S. Missile Defense Agency’s Ground-Based Midcourse Defense (GMD) Development and Sustainment Contract.

According to Lockheed, “the corporations will apply their proven experience to ensure the reliability and readiness of the GMD element of the Ballistic Missile Defense System, which defends the U.S., its deployed military forces, friends and allies against a limited attack by intermediate- and long-range ballistic missiles. The GMD Development and Sustainment Contract will entail development, manufacturing, test, training, operations support and sustainment support.”

“We are honored to welcome NANA Development Corporation to our GMD team, ” said Mathew J. Joyce, GMD vice president and program manager, Lockheed Martin Space Systems. “This represents a win-win for the GMD program and the state of Alaska. NANA Development Corporation’s family of companies will be a key contributor to an open government-industry partnership that will ensure responsiveness and mission focus.”

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