Hello, Guest!
  • Saturday, November 23, 2024

Lockheed Receives $491M Modification on Navy Aegis Weapon System Production Contract


lockheed martinLockheed Martin (NYSE: LMT) has been awarded a $490.6 million contract modification to produce Aegis weapon system ship sets and spares for the U.S. Navy as well as Japan and South Korea under the foreign military sales program.

The Defense Department said Friday Lockheed’s mission systems and training division will manufacture ship sets and related parts for the production, testing and installation of Aegis Weapon System MK-7.

Lockheed will also perform engineering services and provide support equipment to address project requirements of the Navy’s Arleigh Burke-class shipbuilding program.

The company will carry out work in New Jersey, Florida and New York through May 2022.

The Navy obligated the full amount of the modification from its fiscal 2010 and 2016 shipbuilding and conversion and foreign military sales case funds at the time of award.

Video of the Day

Related Articles

Lockheed to Receive $528M MDA Contract for ‘Aegis Guam’ Missile Defense System Contract Awards

Lockheed to Receive $528M MDA Contract for ‘Aegis Guam’ Missile Defense System

The Missile Defense Agency is set to award Lockheed Martin (NYSE: LMT) a five-year, $527.7 million contract to support the development of an Aegis weapon system intended to protect Guam from potential missile attacks.  Lockheed’s rotary and mission systems business will equip the agency’s planned Aegis Guam System with integrated air and missile defense features,

General Dynamics Gets $327M Navy Aegis Combat System Component Production IDIQ Contract Awards

General Dynamics Gets $327M Navy Aegis Combat System Component Production IDIQ

General Dynamics (NYSE: GD) has won a potential $326.8M contract to manufacture guided missile directors and controllers for the Aegis Combat Systems of the U.S. Navy, Japan and Spain.

Raytheon to Produce Aegis Fire Control Systems for Navy, Japan Under $124M Contract Modification Contract Awards

Raytheon to Produce Aegis Fire Control Systems for Navy, Japan Under $124M Contract Modification

Raytheon’s (NYSE: RTN) integrated defense systems business will manufacture fire control technology and equipment for the Aegis combat systems of U.S. and and Japanese navies under a $123.9M contract modification.