Lockheed Martin Wins $295 Million Aegis Modification Contract

Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee/cost-plus-technical-schedule incentive fee contract modification.

The value of this contract modification is $295 million increasing the total contract value from $1.4 billion to $1.7 billion. 

Under this modification, the contractor shall provide system engineering and program management services to continue development of Aegis Ballistic Missile Defense Baseline for the advanced efforts which support the 5.1 variant through the Critical Design Review level of maturity and Increment-2 through the Preliminary Design Review level of maturity.

The work will be performed in Moorestown, N.J. The performance period is from the date of award through March 30, 2015. 

Fiscal 2013 Research, Development, Test and Evaluation funds in the amount of $19,925,802 will initially be used for this effort. Contract funds will not expire at the end of the current fiscal year. This is not a foreign military sales acquisition.