Draper Lab Gets $164M Navy Award to Produce Guidance System for Lockheed-Built Missiles

MissileLaunchStockCharles Stark Draper Laboratory has received a potential $163.6 million contract from the U.S. Navy to produce a guidance system for the Lockheed Martin-built (NYSE: LMT) Trident D5 MK 6 fleet ballistic missile.

The lab will also perform failure verification, test, repair and recertification of Trident’s inertial measurement units, electronic assemblies and electronic modules, the Defense Department said Monday.

The company will manufacture the guidance system in Minnesota, Florida and Massachusetts through Jan. 31, 2020.

The U.S. Ohio-class and British Vanguard-class submarines currently use the Trident II D5 missile, which follows the Polaris A1, Poseidon C3 and Trident I C4 programs of the Navy.

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