Lockheed Martin Gets $204.3 Million Aegis Ballistic Missile Defense Deal, Total Project Cost Jumps To $2.4 Billion

The U.S. Department of Defense awarded Lockheed Martin a $204.3 million Missile Defense Agency contract Wednesday for Aegis Ballistic Missile Defense (ABMD) development. This has spiked the Aegis project’s total cost to $2.4 billion.

Lockheed’s Aegis program is expected to be completed by Sept. 30, 2018, according to the Defense Department.