Lockheed Martin nabs $295M contract mod for Aegis development

Lockheed Martin Mission Systems and Training has won a $295 million contract modification with the Missile Defense Agency to provide system engineering and program management services.

Under the contract, Lockheed Martin will provide system engineering and program management services to continue the 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, the Defense Department said.

The company will also continue the development of Increment-2 through the Preliminary Design Review level of maturity.

Work will take place in Moorestown, N.J., and is expected to be completed by March 30, 2015.

Funding in the amount of $19.9 million is obligated at the time of the award, none of which will expire at the end of fiscal 2013.