Lockheed Martin (NYSE: LMT) has won a potential nine-year, $784.3 million contract to build, test and field a radar system for the Missile Defense Agency to guard the U.S. against ballistic missile threats.
The Defense Department said Wednesday that Lockheed will also help MDA operate the Long Range Discrimination Radar at Clear Air Force Station in Alaska under the fixed-price-incentive contract.
MDA received three offers for the program and is obligating $35.5 million at the time of award from fiscal 2015 research, development, test and evaluation funds.
Lockheed will design the LRDR system to support the target discrimination capability of MDA’s ballistic missile defense system and ground-based midcourse defense interceptors located in Alaska and California.
DoD expects the company to finish work by Jan. 21, 2024.