LMT Unit Secures $579M Contract to Support Japan's ASEV construction

Lockheed Martin Corporation’s (LMT) business unit, Rotary and Mission Systems, has been awarded a modification contract of $579 million to support the Japan government’s Aegis System Equipped Vessel (ASEV) construction. The latest modification has brought the total value of the contract to$1.54 billion.Details of LMT’s DealPer the terms of the deal, Lockheed Martin will develop, test and integrate equipment, material, software and hardware end items for the ASEV and deliver the system to Japan.The work wil ...