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Friday, March 29, 2013

Lockheed Martin celebrates new contract with Aegis

Standard Missile 3 |Even with North Korea threatening nuclear war, the mood was jubilant - even cocky - at Moorestown's Lockheed Martin Corp. plant Thursday as employees and public officials celebrated a new $100 million contract for its Aegis antimissile defense system.

The Navy recently announced that Lockheed Martin was the victor in a fierce competition to design and build its next generation of Aegis: a computer-guided radar system that can detect incoming missile threats and guides the surface-to-air missiles that would shoot them down.

"In these uncertain times, Aegis has never been more relevant," company vice president Carl Bannar told a standing-room crowd of about 400 employees and dignitaries, including Gov. Christie, two congressmen, and a dozen other elected officials.

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