Lockheed Martin wins new contract

Moorestown plant will benefit as the company retains its role with Aegis.

Posted: March 06, 2013

WASHINGTON - Lockheed Martin Corp. won a contract Monday to keep its role as the primary systems engineer for the Aegis defense system, allowing the defense giant to continue work that helps account for thousands of jobs at its Moorestown facility.

"It's a pretty exciting time here in Moorestown," Jim Sheridan, Lockheed's director of Aegis programs, said in a conference call with reporters.

The Aegis anti-ballistic missile system has been with Lockheed or its predecessor companies for roughly 40 years, but the latest contract was put out to bid, and was contested by Boeing Co. and Raytheon Co.

When the call Monday came in from Navy Rear Adm. Joseph Horn, "it was a lot of jumping up and down, a great deal of excitement."

The contract is worth up to $100 million and runs through 2018.

"This is a franchise program for Lockheed Martin going forward," Sheridan said.

Lockheed employs roughly 4,000 people at its Moorestown site; 50 percent to 75 percent of that workforce is involved with the Aegis system, Sheridan estimated.

This contract will not create jobs but will sustain the work there, he said.

A Department of Defense release said 55 percent of the work under the new contract would be done in Moorestown.

A Berlin site will receive 1.6 percent of the work. Several other locations, including Cherry Hill, Mount Laurel, Philadelphia, and Birdsboro, Pa., will receive even lesser amounts of the work.

Contact Jonathan Tamari at jtamari@phillynews.com or follow on Twitter @JonathanTamari. Read his blog, "Capitol Inq," at www.philly.com/CapitolInq.

This article includes information from Bloomberg News.

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