Article

Lockheed Martin has secured a five-year, $99.9 million contract from the U.S. Navy for lifecycle logistics and technical support for the Aegis weapon system on Navy combatant ships and U.S. Coast Guard cutters.

The contract includes a one-year base term valued at approximately $22.2 million, with work conducted in Moorestown, New Jersey, and extending through January 2027, potentially lasting until January 2031 if all options are exercised. The Aegis system provides critical air and missile defense capabilities for various U.S. Navy platforms.