U.S. Navy Awards AEGIS Upgrade Contract to Lockheed Martin

by: Matthew Potter
February 11, 2009

Category: Business Line, Companies, Contract Awards, Events, Lockheed Martin, production program, Services, U.S. Navy | RSS 2.0

NJBIZ.com reports that the U.S. Navy gave Lockheed Martin a contract to upgrade the AEGIS Weapon System installed on destroyers and cruisers. The almost $80 million contract will improve the software as well as some of the control hardware. The AEGIS system is used with versions of the STANDARD Missile to counter ballistic missiles, aircraft and other threats to ships. It has been been used since the Seventies and has had consistent upgrades over the years. The contract will allow Lockheed Martin to upgrade several ships a year slowly re-equipping the whole fleet.

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