Lockheed Martin Inks MDA Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) a cost-plus-incentive-fee/cost-plus-award-fee modification with technical/schedule performance incentives for a total value of $34, 417, 462 under Missile Defense Agency contract HQ0276-10-C-0001.  The modification accounts for schedule and within scope adjustments to Aegis Ballistic Missile Defense Baseline 4.0.1 development and multi-mission signal processor (MMSP) development under two separate contract line items.  For 4.0.1, the change accounts for an initial delay in the certification schedule and an adjustment in the test plan originally contained in the 4.0.1 completion contract line item.  For MMSP, the increase is associated with an extension to the development schedule to account for alignment with changes to the ACB-12 overall combat system development and integration program plan, and attributable to a delay in delivery of government furnished equipment.  The work will be performed in Moorestown, N.J.  The performance period for this contract is through December 2014.  Fiscal 2011 research, development, test and evaluation funds will be used to fund this effort.  The Missile Defense Agency is the contracting activity.”