Lockheed Martin awarded $407.16M Missile Defense Agency contract modification

Lockheed Martin (LMT) was awarded a sole-source, hybrid, cost-plus-fixed-fee, and cost-plus-incentive-fee contract modification under Aegis Ballistic Missile Defense Weapon Systems contract. The total value of this contract modification is $407.16M. The work will be performed in Moorestown, New Jersey; and Guam, with period of performance from time of award through December 2029. The effort continues engineering, development and certification for Integrated Air and Missile Defense capabilities into the Aegis BMD Weapon Systems design for Aegis Guam System. Obligations in the amount of $76.16M using fiscal 2026 research, development, test and evaluation funds; and $2.6M using fiscal 2026 procurement funds, will occur at the time of award. The value of the contract increases from $1.53B by $407.17M to $1.94B. The Missile Defense Agency is the contracting activity.