Author: Jane Edwards|| Date Published: March 16, 2017
Lockheed Martin (NYSE: LMT) has received a potential $80.5 million contract modification from the U.S. Navy to continue to conduct additional implementation studies for the Aegis ballistic missile defense system.
The Defense Departmentsaid Wednesday the studies will be used to support future shipbuilding programs of foreign military sales clients that include Japan, South Korea, Spain, Australia and Norway.
Lockheed™s mission systems and sensors business will perform work in New Jersey, Japan and South Korea through November 2019.
Aegis is a command-and-control weapons platform that uses the AN/SPY-1 radar designed to detect and track missile threats and incorporates computer system updates through technology insertion and advanced capability build processes for cruisers and destroyer ships under the Aegis modernization program.
The Naval Sea Systems Command will obligate $55 million from FMS funds at the time of award.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
Lockheed Martin (NYSE: LMT) has received a potential $80.5 million contract modification from the U.S. Navy to continue to conduct additional implementation studies for the Aegis ballistic missile defense system.
