Lockheed Awarded $1 Billion Contract, Raytheon $100 Million
Defense contractor Lockheed Martin was awarded a $1 billion contract to continue developing the Aegis ballistic missile defense system and create more Aegis-compatible warships. (Source)
Orlando Carvalho vice president and general manager of the company’s surface-sea based missile defense unit said: “This further supports the increasing demand for Aegis BMD capability worldwide, especially in light of the administration’s recent shift in policy in European Missile Defense.”
Rafael Advanced Defense Systems Ltd. awarded defense contractor Raytheon two contracts worth over $100 million to design and develop the David’s Sling Weapon System, a joint program between the Missile Defense Agency and the Israel Missile Defense Organization. (Source)
The system is designed to defend against short-range ballistic missiles, high-caliber rockets, and cruise missiles in the terminal phase. Mike Booen of Raytheon said, “Large-caliber rockets and short-range ballistic missile threats are inexpensive, plentiful, easily concealed and largely exempt from international arms control accords. Stunner [interceptor] offers a near-term and affordable solution to this asymmetric threat.”
Tags: Aegis, David's Sling Weapon System, Israel, Lockheed Martin, Raytheon