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Lockheed Books Navy Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded an $11, 884, 450 cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide Trident II (D5) strategic systems programs shipboard systems integration; strategic weapon system navigation subsystem; systems design and development; and electrostatically supported gyro navigator refresh.  This contract contains options which, if exercised, will bring the total contract value to $230, 156, 983.  Work will be performed in Mitchel Field, N.Y. (35.4 percent); Huntington Beach, Calif. (27.9 percent); Oldsmar, Fla. (14.8 percent); Phoenix, Ariz. (14.2 percent); Cambridge, Mass. (7.2 percent); and Eagan, Minn. (0.5 percent).  Work is expected to be completed July 30, 2015.  Contract funds will not expire at the end of the current fiscal year.  This contract was competitively procured, with two offers received.  The Strategic Systems Programs, Arlington, Va., is the contracting activity (N00030-10-C-0018).”

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