The defense contractor, which has its New Jersey headquarters in Moorestown, will upgrade destroyers with Aegis systems in place.Lockheed Martin (NYSE: LMT) has won a $57.3 million contract from the U.S. Navy to engineer, install and integrate Aegis Combat Systems on new Navy destroyers. As part of the contract, Lockheed Martin, which has its New Jersey headquarters in Moorestown, will upgrade destroyers that have Aegis systems in service.
The company is based in Bethesda, Maryland, and has 135,000 employees worldwide.
Aegis systems are the primary surface weapon system used by the Navy. Aegis is also an important part of the NavyÂs sea-based missile defense system. The systems are already on 76 U.S. ships around the world, and plans are underway to install the systems on 25 additional ships. Lockheed shares gained $0.03 to $65.82 in afternoon trading.
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