Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee/cost-plus-technical-schedule incentive fee contract modification.
The value of this contract modification is $295 million increasing the total contract value from $1.4 billion to $1.7 billion.
Under this modification, the contractor shall provide system engineering and program management services to continue development of Aegis Ballistic Missile Defense Baseline for the advanced efforts which support the 5.1 variant through the Critical Design Review level of maturity and Increment-2 through the Preliminary Design Review level of maturity.
The work will be performed in Moorestown, N.J. The performance period is from the date of award through March 30, 2015.
Fiscal 2013 Research, Development, Test and Evaluation funds in the amount of $19,925,802 will initially be used for this effort. Contract funds will not expire at the end of the current fiscal year. This is not a foreign military sales acquisition.
The United States will send Japan additional two Aegis-equipped ballistic-missile defense ships by 2017, making a total of seven ships owned by the region. The US Defense Secretary Chuck Hagel made the announcement on Monday during a joint press conference with Japanese Defense Minister Itsunori Onodera after the two leaders met earlier to discuss a range of alliance issues, including the threat posed by North Korea
Lockheed Martin has introduced an affordable approach that will drive cost savings into all phases of the Aegis weapons systems program, including production, integration and test. The new $574 million contract includes the production of seven destroyers and an option for one Aegis Ashore assembly, which together will contribute to the United States Navy and Missile Defense Agency's layered defense system
Lockheed Martin was awarded a $14 million contract for the production of one Mission Signal Processor equipment suite and two array simulator cabinets in support of the Aegis Training and Readiness Center. Work is expected to be completed by November 2015
Lockheed Martin celebrated the official "light off" of the second Aegis Ashore system for Romania on Oct. 24, representing the system's operational readiness
Lockheed Martin celebrated the official "light off" of the Aegis Ashore system for Romania on Oct. 24, representing the system's operational readiness
Lockheed Martin successfully intercepted a ballistic missile target using the second generation Aegis Ballistic Missile Defense (BMD) weapon system and SM-3 Block IB guided missile. By successfully launching, tracking, and engaging the newest medium-range ballistic missile target configuration during this operational test, known as Flight Test - Standard Missile-22 (FTM-22), Aegis BMD continued to demonstrate its capabilities to defend against the world's increasingly sophisticated ballistic missile threats
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