US Navy Contract Announcements October 30, 2018

Lockheed Martin Corp., Rotary and Mission Systems, Moorestown, New Jersey, is awarded a $365,730,330 cost-plus-incentive-fee, cost-plus-fixed fee, firm-fixed-price contract for new-construction DDG Aegis Weapon System Baseline K2 development and integration in support of the Republic of Korea Navy. This contract involves foreign military sales to the government of South Korea. This contract will provide for combat system installation, staging and integrated logistics support required for the installation, test and delivery of the Aegis Combat System K2 baselines for three Republic of Korea Navy DDGs. These efforts include program management, system…

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