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Friday, April 26, 2013

Lockheed's Aegis Missile Defense Expansion Passes $1.4 Billion Mark

Standard Missile 3 |The Department of Defense awarded Lockheed Martin's Mission Systems and Training division a $69.4 million sole-source, cost-plus-incentive-fee, cost-plus-award-fee contract modification Wednesday.

The contract, which funds Lockheed Martin's procurement of all of the material, equipment, and supplies that are necessary to conduct the planned development, testing, and integration of the Aegis Ballistic Missile Defense 5.0 capability upgrade onto U.S. Navy destroyers, is expected to be complete by May 31, 2014.

The 5.0 upgrade in question is part of a joint Navy and Missile Defense Agency project to migrate Aegis Ballistic Missile Defense capability into the DDG (i.e. guided missile destroyer) Modernization Program's Open Architecture (OA) program.

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