Home / Contract Awards / Lockheed Ballistic Missile Modification Increases Contract Value to $1.2B

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.

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