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Pentagon’s largest defense contractor, Lockheed Martin Corp. ‘s LMT Rotary and Mission Systems business division has won a modification contact for upgrading its Aegis Combat System. The deal was awarded by the Naval Sea Systems Command, Washington, D.C.
Details of the Deal
Valued at $77.2 million, the contract will utilize research and development funds and other procurement grants in fiscal 2017. Majority of the work related to this deal will be executed in Moorestown, NJ.
Per the terms of the deal, as the Aegis Combat System Engineering Agent, Lockheed Martin will provide design, development, integration, test, and delivery of computer program baselines and associated technology insertion hardware design support for future capability enhancements of the Aegis System. Work is scheduled to be over by Dec 2017.
