Navy Awards Lockheed Martin (LMT) Multiple Aegis System Contract Adjustments

Core Insights - Lockheed Martin Corporation (NYSE:LMT) has received contracts totaling approximately $81 million for the Aegis combat and missile defense systems [1][2] - The contracts include a $22.7 million cost-plus-incentive-fee adjustment from the US Department of War for AEGIS maintenance and a $44.1 million sole-source contract adjustment for Aegis Ballistic Missile Defense Weapon Systems [1][2] - The expected completion date for these contracts is between late 2025 and mid-2026, primarily funded by Navy operations and maintenance funds for fiscal 2025 [3] Company Overview - Lockheed Martin Corporation was formed by the 1995 merger of Lockheed Corporation and Martin Marietta [3] - The company is recognized as a global leader in aerospace, defense, weaponry, information security, and technology [3]