Lockheed Martin Space Systems Co. has won a $592 million modification contract to perform Trident II D5 deployed systems support, D5 life extension development and D5 life extension production for the U.S. Navy.
This modification of a fixed-price-incentive, cost-plus-incentive-fee, cost-plus-fixed-fee contract was awarded on Dec 20, 2012.
The contract includes options for missile production and additional deployed systems support in the amount of $1, 082, 467, 822.
Work will be performed in various locations in the U.S. and is expected to be completed by Dec. 30, 2017. If all options are exercised, work will continue through Apr. 30, 2018.
Contract funds in the amount of $550, 000, 000 will be obligated at the time of award, of which $291, 117, 645 will expire at the end of current fiscal year.
The strategic system programs, Washington, D.C., is the contracting activity.