Lockheed Martin gets $204 million Aegis contract modification

WASHINGTON, Sept. 1 (UPI) -- Lockheed Martin Mission Systems and Training has received a $204 million contract modification for Aegis missile defense efforts.

The cost-plus-incentive-fee, sole-source modification to the previously awarded contract covers Aegis Ballistic Missile Defense continuation of Baseline 5.1, Increment-2 development, as well as the adaptation of Aegis Ashore efforts.

Completion of these efforts will provide a certified Aegis Ballistic Missile Defense 5.1 baseline.

The contract modification boosts the total cumulative value to $2.4 billion.

Work will be performed in New Jersey and is expected to be completed by September 2018.

The Missile Defense Agency is the contracting activity.