Defense technology contractor Lockheed Martin Corp., Rotary and Mission Systems, has received a $365.7 million contract for the development and integration of Baseline K2 Aegis weapon systems for the Republic of Korea Navy.
Under a foreign military sales contract awarded by the US Naval Sea Systems Command, the company will provide for combat system installation, staging and integrated logistics support required for the installation, test and delivery of the Aegis Combat System K2 baselines for three Republic of Korea Navy guided missile destroyers (DDG).
Lockheed is expected to complete work on the contract by July 2026 with work taking place in the US and South Korea.
The new-construction Aegis systems are intended for the Sejong the Great-class (also known as KDX-III) destroyers which entered service between 2008 and 2012. At a length of 166 meters, the KDX-III destroyers are the largest surface warfare ships to carry the Aegis.
Korea became one of six nations operating the Aegis system as ROKS Sejong the Great entered service in December 2008.