Coleman Aerospace, a subsidiary ofÂ Aerojet RocketdyneÂ (NYSE: AJRD), has secured a $140.1M contract modification to supply six medium-range ballistic missile targets and perform relatedÂ engineering services to the Missile Defense Agency.
The modification exercises anÂ option under aÂ previously awarded contract and increases the total contractÂ value to $506.5M, the Department of Defense said Thursday.
MDA is obligating $22.5M at the time of award from the agency’s fiscal 2019 research, development, test and evaluation funds.
Work is scheduled to commence this month andÂ will continue through December 2027.
The original contract was awarded beforeÂ L3 Technologies (NYSE: LLL) soldÂ Coleman Aerospace toÂ Aerojet Rocketdyne.