Lockheed Secures $731M Aegis Support Contract from Japan, S.Korea

Lockheed Martin has won a deal worth $731 million to support Aegis combat systems used by Japan, South Korea, Australia, Canada, Norway and Spain.

The contract covers provision of engineering and technical services for Aegis in-service combat systems engineering, ship integration and test engineering, computer program maintenance, integrated logistics support and planning and in-country support for multiple international partners employing Aegis.

This contract provides in-service lifetime support efforts, including engineering, technical and logistical support related to the maintenance and modernization of the Foreign Military Sales (FMS) Aegis Combat System and Aegis weapon system equipment and computer programs.  This contract includes options which, if exercised, would bring the cumulative value of this contract to $750 million.

This contract involves FMS to Japan, Australia, Republic of Korea, Norway, Spain and Canada.

Work is expected to be completed by December 2024.