Aegis production contract awarded to Lockheed Martin

MOORESTOWN, N.J., 13 Nov. 2010. The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $97 million contract for the production of the Aegis Weapon System for the DDG-113 destroyer, plus advanced procurement funding for two additional systems for DDGs 114 and 115. The contract includes four Aegis multi-mission signal processors -- three for the destroyers and an additional unit for the Navy's Surface Combat System Center on Wallops Island, Va.

Pennwell web 120 91

Pennwell web 120 91Posted by John McHale

MOORESTOWN, N.J., 13 Nov. 2010. The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $97 million contract for the production of the Aegis Weapon System for the DDG-113 destroyer, plus advanced procurement funding for two additional systems for DDGs 114 and 115. The contract includes four Aegis multi-mission signal processors -- three for the destroyers and an additional unit for the Navy's Surface Combat System Center on Wallops Island, Va.

"We are in a dynamic security and acquisition environment that focuses on affordability and capability like never before," says U.S. Navy Capt. Jon Hill, the major program manager, Integrated Combat Systems at Program Executive Office, Integrated Warfare Systems. "The Aegis system has transformed to meet changing customer missions and needs at a cost-effective price for more than 40 years."

The contract also contains an option for an Aegis Ashore system, which will adapt the sea-based Aegis Ballistic Missile Defense technology to a land-based system to protect U.S. and allied troops in Europe against short- and medium-range ballistic missile threats.

Aegis is the weapon system of choice for Australia, Japan, Norway, the Republic of Korea, and Spain. Aegis-equipped ships have more than 1,200 years of at-sea operational experience and have launched more than 3,800 missiles in tests and actual operations.

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