Lockheed Martin has been awarded a $1bn contract to continue the development of the Aegis Ballistic Missile Defence (BMD) Weapon System for the US and allied navies.

Under the contract, Lockheed Martin’s Surface-Sea-Based Missile Defence business unit will design, develop, integrate, test, deliver and install further Aegis BMD capabilities as part of the ship-based Aegis Modernisation programme.

Lockheed Martin vice-president and general manager Orlando Carvalho said the company will continue the spiral development of Aegis BMD capability to meet expanding global security threats and increase the number of BMD-capable ships at sea.

The Aegis BMD weapon system consists of a precision SPY-1 radar and integrated command and control system. It has a combat-proven ability to track and engage targets ranging from sea-skimming cruise missiles to ballistic missiles.

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In addition, the weapon system integrates with the BMD, receiving track data from and providing track information to other BMD elements.

The US Navy currently operates a total of 19 Aegis BMD-equipped warships capable of engaging ballistic missiles and performing long-range surveillance and tracking missions.

Two more US East Coast-based Aegis-equipped ships are currently being modified to perform ballistic missile defence.