U.S. awards Lockheed $407M to advance Aegis missile defense in Guam

U.S. awards Lockheed $407M to advance Aegis missile defense in Guam

The U.S. Missile Defense Agency has awarded Lockheed Martin a $407 million contract modification to continue engineering and development work on the Aegis Guam System, pushing the total value of the underlying Aegis Ballistic Missile Defense Weapon Systems contract past $1.9 billion. The modification covers work running through December 2029. Lockheed Martin’s Moorestown, New Jersey […]

Lockheed Martin Wins $407 Million Aegis Guam Deal as Missile Defense Demand Stays Hot

Lockheed Martin won a $407.2 million Pentagon contract modification to continue developing Aegis missile-defense capabilities for Guam, bringing total contract value to about $1.94 billion. The work, announced Friday, will run through December 2029 in Moorestown, New Jersey, and Guam. The Pentagon will obligate $76.2 million in research and $2.6 million in procurement funds at award. The post Lockheed Martin Wins $407 Million Aegis Guam Deal as …