Lockheed contracted for Aegis missile defense development

July 11, 2018

UPI:

July 10 (UPI) — Lockheed Martin Rotary and Mission Systems Division has been awarded a contract modification for continued development of the next iteration of the Aegis ballistic missile defense system.¬†The deal, announced Monday by the Pentagon, comes under a $15 million cost-plus-incentive-fee modification to an existing contract. With the modification, the total value of the contract, for development of the missile defense system, increases from $2.81 billion to $2.83 billion.

With the new contract, Lockheed will procure materials and support services for the Aegis Ballistic Missile Defense 6.0 development program, which falls under the Aegis BMD Program Office. Fiscal 2018 research, development, test, and evaluation funds in the amount of $15 million have been obligated to Lockheed at the time of award.

The Aegis BMD system is the naval component of the Missile Defense Agency’s ballistic missile defense system. It is installed on 33 ships of the U.S. Navy.

Read the full article

International Cooperation