$100M Contract for Lockheed Keeps Jobs in Jersey

Lockheed Martin Moorestown has been awarded a $100 million contract by the Department of Defense (DOD) for the Aegis Combat System Engineering Agent (CSEA), the Navy’s primary system for detecting and intercepting threats to surface ships.

According to the DOD, the Aegis CSEA will evolve and maintain the Aegis Weapon System (AWS) and Aegis Combat System (ACS) for CG 47 class cruisers, DDG 51 class destroyers and future surface combatant Aegis ship classes.  

This is the first time the Aegis combat system engineering work has been competitively bid and is considered an important win for Lockheed’s Moorestown operations. Included in Lockheed’s bid for the contract was New Jersey’s $40 million tax credit incentive that is part of the state’s Grow New Jersey Assistance Program, which was sponsored by Deputy Assembly Republican Leader Anthony M. Bucco.

“Lockheed Martin’s exciting news about its contract award means good-paying jobs are staying in New Jersey,” said Bucco, R-Morris and Somerset. “Last year, Lockheed made a commitment to create and retain jobs in New Jersey under Grow NJ and they are benefiting from that pledge. The tax credits offered through Grow NJ were an important part of obtaining this key contract for Lockheed.”

In a memo sent by Lockheed Martin Monday announcing the contract, the company said the state’s $40 million tax credit incentive (GrowNJ) was included in its final Aegis CSEA proposal and “served to assure price competitiveness that was central to this win.”

Rep. Jon Runyan (R-3) was also pleased the contract was awarded to Lockheed, ensuring the manufacturer will continue its role as the Aegis System engineer leader through 2018.

“This contract extension is important for both our national security and our local economic security, by sustaining the work being done at the Moorestown facility and helping to protect thousands of jobs here in South Jersey,” said Runyan.

Information provided by the Office of Congressman Jon Runyan and New Jersey Assembly Republicans