Lockheed Martin receives $574 million contract from U.S. Navy

Lockheed Martin recently announced that it secured a multi-year contract worth $574 million from the U.S. Navy for the production of seven destroyers, with an option for one Aegis Ashore

The contract is part of an affordability approach that will increase national security while saving costs during the production, integration and testing of the new defense capabilities. The ships will add to the Missile Defense Agency and Navy's layered defense systems, which will use Aegis Baseline 9 as its core for air and missile defense.

"Four decades ago, the Aegis program was born at our facility in Moorestown - and today it has evolved into a national asset, both at sea and on shore," Executive Vice President of Lockheed Martin's Mission Systems and Training business Dale P. Bennett said. "This contract represents the partnership and innovation of our joint government/industry team who are bringing the future of Aegis to the warfighter in an affordable and sustainable way."

The contract option for the assembly of the Aegis Ashore will be built as part of the administration's European Phase Adaptive Approach. The unit will be deployed to Poland, the second Host Nation to participate in the missile defense strategy.

The Aegis Ashore system is an upgraded sea-based defense unit with land-based capabilities, utilizing Aegis BMD technology.

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