Lockheed Martin LMT continues to benefit from international demand for advanced naval combat systems. Its Rotary and Mission Systems business recently received a $94.2 million contract modification from the U.S. Navy to support the continued development and integration of the AEGIS Combat System for the Royal Canadian Navy. The award provides additional funding for system engineering, computer program baseline development and integration testing of AEGIS Weapon System elements and interfaces. The work will be performed primarily in Moorestown, NJ, and is expected to be completed by December 2027.
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