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Updated: July 8th, 2008 05:26 PM CDT

Lockheed Martin Awarded $40.4 Million to Provide Aegis Ballistic Missile Defense to Third Japanese Destroyer

via PRNewswire

MOORESTOWN, N.J., Jan. 14 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) received a $40.4 million contract modification to provide Aegis Ballistic Missile Defense (BMD) capability to the Aegis-equipped Japanese Maritime Self Defense Force destroyer JS Myoko.

JS Myoko is the third of four Japanese destroyers scheduled for outfitting with the Aegis BMD Weapon System. JS Kongo, which successfully intercepted a ballistic missile with its Aegis BMD Weapon System in a December test, was the first Japanese ship equipped with Aegis BMD. Installation of Aegis BMD aboard the second destroyer, JS Chokai, is under way in Nagasaki, Japan .

"In 2007, Aegis BMD delivered a host of 'firsts' in four increasingly complex operational scenarios, closing the year with JS Kongo's successful intercept -- a first for Japan ," said Orlando Carvalho , vice president and general manager of Lockheed Martin's Surface-Sea Based Missile Defense line of business. "Through all of those tests, our engineers were 100 percent focused on delivering engineering excellence, and those successes exemplify commitment to bring Aegis BMD to JS Myoko, as we have to JS Kongo and will to JS Chokai."

The Aegis Weapon System is the world's premier naval surface defense system and is the foundation for Aegis BMD, the primary component of the sea- based element of the United States ' Ballistic Missile Defense System (BMDS).

Aegis BMD has established a record of strong performance with 12 successful ballistic missile intercepts in 14 attempts.

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