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Lockheed Martin has received a five-year, $99.9 million contract from the U.S. Navy for lifecycle logistics, engineering, and technical support for the Aegis weapon system on Navy combatant ships and U.S.

Coast Guard cutters. The cost-plus-fixed-fee contract includes a one-year base term valued at approximately $22.2 million, with work performed in Moorestown, New Jersey, continuing through January 2027.

If all options are exercised, the contract could extend through January 2031. The Naval Surface Warfare Center Port Hueneme Division has allocated $1.6 million in fiscal 2026 funds for this contract. The Aegis Weapon System provides integrated air and missile defense capabilities and supports various U.S. Navy platforms including Arleigh Burke-class destroyers and Constellation-class frigates.