Lockheed Martin [LMT] is working on a modular Aegis combat system prototype that will make it easier for the Navy to swap out older equipment and install the most recent version, a company executive said May 12.One of the biggest challenges in modernizing destroyers or cruisers with new Aegis systems is the time it takes to replace the old displays, computers and consoles with new ones—about 26 weeks, said Jim Sheridan, Lockheed Martin’s director of U.S. Navy Aegis programs. Yet…
