Lockheed Martin (NYSE:LMT) has been awarded a sole-source, cost-plus-incentive-fee and cost-plus fixed-fee contract, valued at $724M, inclusive of all options.
Under this follow on contract, the contractor will conduct full development and lifecycle engineering for the Aegis Weapon System fielding for cruisers, destroyers and Aegis Ashore configurations.
Work to be performed in Moorestown, New Jersey, with an estimated completion date of February 2024.
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