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Lockheed Martin Lands $1 Billion MDA Contract For Aegis BMD

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The Missile Defense Agency (MDA) has awarded Lockheed Martin [LMT] a $1 billion contract for continued development and evolution of the Aegis Ballistic Missile Defense (BMD) Weapon System, the company said recently. Under the terms of the contract, Lockheed Martin's Surface-Sea Based Missile Defense line of business in Moorestown, N.J., will design, develop, integrate, test, deliver and install further Aegis BMD capability for the United States and allied navies, the company said. "This contract will both continue the spiral development…

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