Yahoo Finance:
Defense giant Lockheed Martin Corp’s LMT Rotary and Mission Systems business unit has won a U.S. Navy contract for the procurement of the DDG 116-118 Aegis follow-on support services. Valued at $157.4 million, this contract represents the completion of the development and fielding of the Aegis Baseline 9 Aegis Weapon System and Integrated Aegis Combat System on the remaining Aegis Technical Insertion 12 (TI 12)-configured destroyers as well as the TI 12 and TI 08-configured cruisers.
The contract, awarded by the Naval Sea Systems Command, Washington, DC, includes options which if exercised, would bring its cumulative value to $426 million. It will utilize fiscal 2016 operations, maintenance, research and development test and evaluation funds; fiscal 2015 and 2016 other procurement funds; and fiscal 2013 shipbuilding and conversion funds.
The majority of the work will be executed in Moorestown, NJ, while the rest will be carried out in Johnstown, PA and various other locations across the U.S. Work is scheduled to be complete by Sep 2017.
Aegis Baseline 9 Weapon System
The AEGIS Weapon System (AWS) is a centralized, automated, command-and-control (C2) and weapons control system incorporated in the U.S. Naval fleet. Designed by Lockheed, the AWS can simultaneously attack land targets, submarines and surface ships, while protecting the fleet against aircraft, cruise missiles and ballistic threats.
Baseline 9 is the latest version of the AWS. It offers the Navy surface fleet the most advanced air defense capability. The latest configuration incorporates the latest generation of ballistic missile defense programming, which can shoot down ballistic missiles in both the exo-atmosphere (upper atmosphere) and endo-atmosphere (lower atmosphere)….
