$812.5 million contract win for Lockheed Martin

The US Navy has awarded an $812.5 million contract to Lockheed Martin for the continued development of the US Missile Defense Agency’s Aegis Ballistic Missile Defense system.

The US Navy has awarded an $812.5 million contract to Lockheed Martin for the continued development of the Missile Defense Agency’s Aegis Ballistic Missile Defense (BMD) system.

Under the contract, Lockheed Martin will be responsible for developing and fielding the sea-based element of the Ballistic Missile Defense System.

The contract includes the development and integration of the Aegis Weapon System upgrades, Vertical Launching System upgrades, Command and Control System upgrades, Aegis BMD signal processor efforts, and flight test support including equipment, computer programs and system engineering.

The work will be performed in Moorestown, New Jersey, and Baltimore, Maryland, and is expected to be complete in 2006. The company anticipates that approximately 50 to 65 new jobs will be created.

The Aegis BMD element of the BMD System will provide the capability for Aegis-equipped cruisers to use hit-to-kill technology to intercept and destroy short and medium-range ballistic missiles.

Additionally, designated Aegis-equipped destroyers will be modified to expand the ability of Aegis BMD to provide surveillance and tracking of intercontinental ballistic missiles, and work with other BMD System elements to provide advance warning for the defence of the US, deployed US forces and allies.