
| Lockheed Martin Logs $1 Billion MDA Contract for Further Aegis Development |
![]() Contract to provide further Aegis BMD capability to U.S. and allied navies
08:12 GMT, October 27, 2009 MOORESTOWN, N.J. | 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. |
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Company or Organisation Portrait:
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile defense system, Patriot Advanced Capability-3 (PAC-3). It also has considerable experience in interceptor systems, kill vehicles, battle management command, control and communications, precision pointing and tracking optics, as well as radar and other sensors that enable signal processing and data fusion. The company makes significant contributions to nearly all major U.S. Missile Defense Systems and participates in several global missile defense partnerships. |
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