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 WednesdayÂ thatÂ Lockheed will also help MDA operate the Long Range Discrimination RadarÂ at Clear Air Force Station in Alaska under the fixed-price-incentive contract.
MDA received three offers for the programÂ and is obligating $35.5 million at the time of award from fiscal 2015 research, development, test and evaluation funds.
LockheedÂ 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.
DoDÂ expects the companyÂ to finishÂ work byÂ Jan. 21, 2024.