Lockheed Martin has received a $15.8 million contract for materials and development support of the Aegis Ballistic Missile Defense system.

The modification to a previous contract, announced Tuesday by the Department of Defense, increases the cumulative value of the contract to just under $2.9 billion.

The contract provides for materials and support for Aegis Ballistic Missile Defense Increment 3 Capability Concept Development.

Work will be performed in Moorestown, N.J., and is expected to be completed by December 2018. Fiscal 2018 research, development, test and evaluation funds in the amount of $4.7 million are being obligated at the time of award.

The Aegis Ballistic Missile Defense system is the naval component of the the overall U.S. ballistic missile defense system.

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Japan to spend $4.2 bn over 30 years on missile defence system radar
Tokyo (AFP) July 30, 2018
Japan said Monday it would spend some $4.2 billion over the next 30 years on installing and operating US radar systems to protect itself against North Korean missile threats. The move, announced by Defence Minister Itsunori Onodera, is the latest step by Tokyo to upgrade its military. Japan says the North's nuclear weapons and ballistic missiles pose a direct threat. US firm Lockheed Martin has offered to build the radars needed for a new ground-based Aegis Ashore missile defence system at a cos ... read more