According to the Department of Defense, “the Missile Defense Agency is announcing the award of a cost-plus-fixed-fee contract to Lockheed Martin (NYSE: LMT) with an award value of $43, 333, 077. Under this contract (HQ0147-11-C-0008), Lockheed will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess viable and affordable missile configurations, conduct trade studies, and define an executable development plan. This contract was competitively procured via publication on the Federal Business Opportunities website with four proposals received. The work will be performed by Lockheed Martin Space Systems, Sunnyvale, Calif., through December 2013. Fiscal 2011 research, development, test and evaluation funds in the amount of $1, 410, 000 will be used to incrementally fund this effort.”
Lockheed Martin Wins MDA Work
Related Articles
The next-generation interceptor award is critical in shielding the homeland as a part of the U.S. missile defense strategy. It is set to replace the current Ground-Based Interceptors within the Ground-Based Midcourse Defense (GMD) system. The U.S. needs to keep investing in missile defense technologies to deal with growing threats against ballistic, cruise, and hypersonic
Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through
Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his