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Navy Awards Lockheed $113M Contract Modification for Aegis Modernization Services

090326-N-0000X-001Lockheed Martin (NYSE: LMT) has received a $112.7 million contract modification from the U.S. Navy to produce components for the fiscal 2016 Aegis combat system modernization effort.

The company will provide multi-mission signal processor equipment sets, ballistic missile defense 4.0.2 equipment, Aegis AMOD upgrade equipment and related spares to aid in the deployment of the weapon system to the Navy fleet, the Defense Department said Friday.

Lockheed will perform contract work in New Jersey, Florida and New York through November 2018.

The Naval Sea Systems Command obligated the full amount of the modification from fiscal 2015 and fiscal 2016 DoD-wide procurement, fiscal 2016 research, development, test and evaluation and the Navy’s fiscal 2014 and 2016 other procurement and fiscal 2012 shipbuilding and conversion funds.

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