The U.S. Navy has awardedÂ Lockheed MartinÂ (NYSE: LMT) aÂ $102.5 million contract modification for technical support services toÂ the service branch’sÂ Aegis Combat System Engineering Agent effort.
Lockheed’s rotary and mission systems business willÂ design, develop, integrate, test and deliverÂ computer program baseline advanced capability builds, as well asÂ technology insertion hardware for the Aegis Combat System, theÂ Defense DepartmentÂ said Tuesday.
The modification exercises an option for the company to extend support work on the next or future ACBs.
Ninety percent of work will take place in Moorestown, New Jersey, and the remaining six percent in Virginia.
The Naval Sea Systems Command obligated fiscal 2018Â research, development, test and evaluation funds amounting to $4.7 million at the time of award.