Lockheed gets $1 billion Aegis deal

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Lockheed Martin Corp is being awarded a $1 billion (R7 biilion) US Missile Defense Agency contract for design and development work on its Aegis ballistic missile defense system for Navy cruisers and destroyers, the Defense Department said.
The contract covers work from October 1, 2009 through December 31, 2014, the Pentagon’s daily contract digest said.