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Lockheed Martin Wins $528 Million Contract For Aegis Guam System

Lockheed Martin Wins $528 Million Contract For Aegis Guam System
As part of the At-Sea-Demo/Formidable Shield 2021 exercise, the U.S. Navy Arleigh-Burke class guided-missile destroyer USS Paul Ignatius (DDG- 117) fired two Standard Missile-3 (SM-3) interceptors to engage ballistic missile targets launched from the Hebrides Range on May 26 and 30. The Ignatius is equipped with Aegis Baseline 9 (U.S. Navy Photo)

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a n undefinitized contract action (UCA) on Dec. 28 worth up to $528 million to expand performance of the Aegis Weapon System for air and missile defense capabilities in Guam. This award includes all potential options under the UCA and “expands performance of the Aegis Weapon System to implement Integrated Air and Missile Defense capabilities into an Aegis Guam System.” At the time of the award, MDA initially obligated $11 million…

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