Lockheed Martin awarded Aegis missile contract for nearly $3B

Jul. 01, 2025 8:22 PM ETLockheed Martin Corporation (LMT) StockBy: Carl Surran, SA News Editor2 Comments
Lockheed Martin headquarters located in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Lockheed Martin's (NYSE:LMT) Rotary and Mission Systems unit was awarded a 10-year contract with a ceiling of $2.97B to upgrade the Aegis ballistic missile defense combat system, the U.S. Department of Defense announced Tuesday.

The Aegis system is used on

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