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MDA Taps Lockheed, Raytheon for Multi-Object Kill Vehicle Design Contracts

The Missile Defense Agency has awarded Lockheed Martin (NYSE: LMT) a $9.7 million contract and Raytheon (NYSE: RTN) a $9.8 million contract to demonstrate Multi-Object Kill Vehicle concepts. Both contractors will create MKV proof-of-concept prototypes and risk reduction strategies and are scheduled to complete the work in May 2016, the …

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