The Missile Defense Agency contract was announced on Tuesday by the Defense Department and enables Lockheed Martin to provide "materials necessary to support Aegis Ballistic Missile Defense 6.0 modeling and simulation."
The contract is valued at more than $12.8 million under the terms of a cost-plus-incentive-fee modification to a previous Pentagon award.
The modification increases the overall value of the contract to more than $2.805 billion for research and development of the Aegis system.
Work on the contract will occur in Moorestown, N.J., and is expected to be complete in September 2018.
The total amount of the contract award will be obligated to Lockheed Martin at time of award.
The obligated funds will be allocated from fiscal 2018 research, development, test, and evaluation funds, according to the Pentagon.
| The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes. |
