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  • Friday, April 26, 2024

Lockheed Martin Secures MDA Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) booked a deal with Missile Defense with an award value of $43, 333, 077.  Under this contract (HQ0147-11-C-0008), Lockheed will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess viable and affordable missile configurations, conduct trade studies, and define an executable development plan.  This contract was competitively procured via publication on the Federal Business Opportunities website with four proposals received.  The work will be performed by Lockheed Martin Space Systems in Sunnyvale, Calif., through December 2013.  Fiscal 2011 research, development, test and evaluation funds in the amount of $1, 410, 000 will be used to incrementally fund this effort.”

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