Lockheed Martin (NYSE: LMT) won a $148.5 million U.S. Navy contract modification to provide an Aegis weapon system, the Defense Department said Wednesday.
Lockheed will produce and integrate the system for the Navy’s DDG 116 guided-missile destroyer.
Lockheed will also purchase material assemblies to support a host nation of the Aegis missile defense system.
The Pentagon expects work to complete by January 2017.
The Naval Sea Systems Command in Washington is the contracting activity.