The Missile Defense Agency has awarded Lockheed Martin (NYSE: LMT) a $9.7 million contract and Raytheon (NYSE: RTN) a $9.8 million contract to demonstrate Multi-Object Kill Vehicle concepts.
Both contractors will create MKV proof-of-concept prototypes and risk reduction strategies and are scheduled to complete the work in May 2016, the Defense Department said Tuesday.
MDA aims to build a platform that would destroy multiple ballistic missile threats through the use of advanced sensor, divert and attitude control, and communication technologies.
The agency received three offers for the project through the FedBizOpps website and is obligating $4, 076, 521 in fiscal 2015 research, development, test and evaluation funds at the time of award.
Work will occur at Lockheed’s facility in Sunnyvale, California, and at Raytheon’s facility in Tucson, Arizona.