Author: Jane Edwards|| Date Published: March 17, 2016
Lockheed Martin (NYSE: LMT) has been awarded a potential three-year, $197.6 million contract modification to carry out computer program baseline development work onthe U.S. Navy‘s Aegis combat systems.
The contract also covers design, testing, systems engineering, delivery and integration work on technology insertion-related hardware and computer baselines for the combat system’s future advanced capability build, the Defense Departmentsaid Wednesday.
Aegis is a Lockheed-built naval surface defense platform that has the SPY-1 radar, SM-3 missile, command-and-control tool and the MK 41 vertical launching system that work to perform surveillance, missile defense and anti-aerial warfare functions for warships.
The company will perform contract work in New Jersey and Virginia through October 2019.
The Naval Sea Systems Command will obligate $82.1 million from the service branch’s fiscal 2014 shipbuilding and conversion funds and fiscal 2016 research, development, evaluation, test and “other” procurement funds at the time of award, according to DoD.
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Lockheed Martin (NYSE: LMT) has been awarded a potential three-year, $197.6 million contract modification to carry out computer program baseline development work on the U.S. Navy‘s Aegis combat systems.
