Lockheed Ballistic Missile Modification Increases Contract Value to $1.2B

The Defense Department has awarded Lockheed Martin‘s space systems company a two-part modification that increases the potential value of a contract for ballistic missile production and support to nearly $1.2 billion.

The contract now consists of :

  • an undefinitized contract action not-to-exceed $772, 203, 549 to produce Trident II D5 fleet ballistic missiles.
  • a definitized contract worth $427, 379, 969 to provide technical and logistical support at sites where the Trident missiles are deployed.

A listing on FedBizOpps.gov indicates the $142, 906, 518 modification increases the total contract value to just under $1.2 billion. The initial contract is worth up to $1, 056, 677, 000.

The awards modify a cost-plus-incentive-fee, cost-plus-fixed-fee, fixed-price-incentive contract,  originally awarded on June 25, 2010.

According to Lockheed’s website, the Trident II D5 is the latest generation of the U.S. Navy‘s submarine-launched fleet ballistic missiles.

Check Also

Jacobs

Jacobs JV Wins Potential $99M IDIQ for NAVFAC Pacific Architecture, Engineering Services

A joint venture between Jacobs (NYSE: J) and architecture company B&M has won a potential five-year, $99M U.S. Navy contract to support construction projects within the Naval Facilities Engineering Command’s Pacific area of operations.

Michael McKloskey VP Parsons

Michael McKloskey Named Parsons Business Dev’t VP for Cyber, Intelligence Market

Michael McKloskey, a nearly 16-year intelligence industry veteran, has joined Parsons (NYSE: PSN) as vice president of business development for the cyber and intelligence market.