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Article: Lockheed Martin Awarded $1 Billion Contract for Aegis Ballistic Missile Defense.
- Article from:
- Defense & Aerospace Week
- Article date:
- November 11, 2009
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The U.S. Department of Defense's Missile Defense Agency (MDA) awarded Lockheed Martin (NYSE:LMT) a $1 billion contract for continued development and evolution of the Aegis Ballistic Missile Defense (BMD) Weapon System.
Under the contract, Lockheed Martin's Surface-Sea Based Missile Defense line of business, in Moorestown, N.J., will design, develop, integrate, test, deliver and install further Aegis BMD capability for the U.S. and allied navies.
"This contract will both continue the spiral development of Aegis BMD capability to meet expanding global security threats and increase the number of BMD-capable ships at sea by integrating Aegis BMD into the ...