Lockheed gets $1 billion Pentagon Aegis deal

WASHINGTON, Oct 21 (Reuters) - Lockheed Martin Corp (LMT.N) is being awarded a $1 billion U.S. Missile Defense Agency contract for design and development work on its Aegis ballistic missile defense system for Navy cruisers and destroyers, the U.S. Defense Department said Wednesday.

The contract covers work from Oct. 1, 2009 through Dec. 31, 2014, the Pentagon's daily contract digest said.

(Reporting by Jim Wolf; Editing Bernard Orr)