Lockheed Books $462M Navy Contract for Aegis Site Operation & Maintenance

Lockheed Martin’s (NYSE: LMT) Rotary and Mission Systems business has been awarded a potential four-year, $462. 4 million contract to operate, control and progress sites for the U. S. Navy’s Aegis warfighting formula. USA

The Naval Maritime Systems Command has awarded the contract to a single supplier and expects the paints to be completed by January 2028, the Defense Ministry said on Tuesday.

Aegis is a fully built-in command, matrix, and weapons formula designed to protect warships against complex air and surface threats.

Lockheed RMS will perform the work on the plus lump-sum contract in Moorestown, New Jersey.

The contract has a base of $101. 5 million and includes features that would bring the amount to the contract’s maximum.

The Navy obligated funds from shipbuilding and conversion; operation and maintenance; research, development, test and evaluation; and other procurement accounts.

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business has secured a potential four-year, $462.4 million contract to operate and maintain development and test sites for the U.S. Navy’s Aegis combat system. Naval Sea Systems Command awarded the contract on a sole-source basis and expects work to conclude by January 2028.

Lockheed Martin’s (NYSE: LMT) Rotary and Mission Systems business has been awarded a potential $724 million contract from the Missile Defense Agency to supply lifecycle and progression engineering for the Aegis ballistic missile defense system.

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