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08:50 AM, August 10, 2019
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Lockheed To Repair US Navy's AEGIS SPY-1 Weapon System
AEGIS Weapon System

Lockheed Martin has won a $176.4 million contract to repair 1,672 different US Navy's head-of-family part numbers in support of the AEGIS (Advanced Electronic Guided Interceptor System) SPY-1 Weapon System. 

The contract is a five-year contract with no option periods, the US Department of Defense said in a statement Friday.

Work will be performed in Moorestown, New Jersey, and is expected to be completed by August 2024. 

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