The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a one-year, $95.4 million contract modification to continueÂ the production of Trident II D5Â ballistic missiles and to support deployed missile systems.
The Defense Department said Wednesday that $90.1 million in obligated contract funds will expire byÂ the end of the current fiscal year.
Lockheed’s space systems unit will perform work in various locations across the U.S. throughÂ Feb. 4, 2018.
The award of the modification comes a day after Lockheed received a separate $540.8 million modificationÂ to provide missile production and deployed systems supportÂ toÂ the Trident II program.
The Navy’sÂ Strategic Systems Programs office is the contracting activity.