The Lockheed Martin-Raytheon (NYSE: LMT) (NYSE: RTN) team assembled to compete for the Ground-based Midcourse Defense (GMD) Development and Sustainment Contract submitted its proposal to the MDA.
According to Lockheed, “the GMD Development and Sustainment Contract will provide development, manufacturing, test, training, performance-based logistics, operations and sustainment of the GMD element of the Ballistic Missile Defense System, which protects the nation, our allies and friends against limited ballistic missile attack. MDA has announced that it intends to award the contract May 31 and that the acquisition value is approximately $600 million per year with an initial period of performance of seven years.”
“Quality, reliability, affordability, transparency, support to the war fighter and the defense of our country drive the fundamental elements of our proposal, ” said Mathew J. Joyce, GMD vice president and program manager, Lockheed Martin Space Systems Company. “With that clarity of purpose, the combined strengths of our unified team established the strong foundation of our proposal, setting the example for how we’ll work together after award. Lockheed Martin’s disciplined systems engineering processes coupled with our team’s proven performance underpin the ability of this team to deliver on our commitments.”