Lockheed MartinÂ (NYSE: LMT) has secured a potential two-year, $87.3 million contract from the U.S. Navy to provide technical and program management servicesÂ in support of the Trident II D5 submarine-launched ballistic missile’s navigation subsystem.
The Defense Department said Wednesday the contract covers navigation hardware and software design, testing, installation and deliverables for Shipboard Systems Integration Increments four and eight.
Lockheed will provide support for U.S. and U.K. repair and development efforts under the contract, which has a one-year base periodÂ and one-year option.
Work will occurÂ in Mitchel Field, New York; Oldsmar, Florida; and Manassas, Virginia through Dec. 31, 2018.
The Navy will financeÂ theÂ $79.9 million base value of the contract usingÂ U.K. funds and the service branch’s fiscal 2017 “other” procurement, research, development, technology and evaluation funds.
Lockheed-builtÂ Trident II missiles are designedÂ to provideÂ nuclear deterrence support forÂ the Navy’sÂ Ohio-class and U.K.’s Vanguard-class submarines.