Lockheed Martin gets $490 million Aegis contract modification

WASHINGTON, Aug. 15 (UPI) -- Lockheed Martin Mission Systems and Training has been awarded a $490 million U.S. Navy contract modification for Aegis Weapon System MK-7 work.

The previously awarded contract covers MK-7 ship sets and associated spares, engineering efforts and support equipment, as well as engineering efforts to support production, system testing, shipyard installation and related requirements.

The contract combines purchases for the U.S. Navy, Japan and South Korea under the U.S. Foreign Military Sales program.

It will specifically support the naval forces of those countries and the Navy's Arleigh Burke-class shipbuilding program.

Work will be performed in New Jersey, Florida and New York, with an expected completion date of May 2022.

Naval Sea Systems Command is the contracting activity.