U.S. defense contractor Lockheed Martin announced Friday that it received a U.S. Navy contract worth more than $800 million for the continued development of a sea-based missile defense system (see GSN, Aug. 21).
Under the $812.5 million contract, Lockheed Martin will be responsible for the continued development and integration of the Aegis weapons systems upgrades, Vertical Launching System upgrades, command and control upgrades and other aspects of the sea-based missile defense program, the company said in a press release. The work is scheduled to be completed by 2006.
“The U.S. Navy and the Missile Defense Agency have set clear expectations for success of the sea-based missile defense program,” said Fred Moosally, president of Lockheed Martin’s Maritime Systems and Sensors unit. “The Lockheed Martin team understands that our customers are counting on us to deliver, and we will,” he said (Lockheed Martin release, Oct. 10).