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Navy/USMC

Lockheed Martin Wins Navy’s Aegis Competition

Defense Daily Staff Defense Daily Staff
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Lockheed Martin [LMT] has won the Navy’s competition to modernize the Aegis Combat System, outdueling Raytheon [RTN] and Boeing [BA] to strengthen its grip on a program potentially worth billions of dollars in the decades ahead. The contract award announced by the Navy yesterday keeps Lockheed Martin as the prime contractor for the Aegis system that has been the cornerstone of air theater combat for the Navy’s fleet of Arleigh Burke-class (DDG-51) destroyers and Ticonderoga-class (CG-47) cruisers for decades. The…

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