Lockheed Gets Potential $1.12B Navy Contract Modification for Trident II Missile Production, Systems Support


The U.S. Navy has awarded a potential five-year, $1.12 billion contract modification to Lockheed Martin‘s (NYSE: LMT) space systems business for the production of Trident II D2 missiles and support for deployed systems.

The Defense Department said Friday the modification contains a $418.7 million initial value and also includes D5 life extension production services.

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Work will occur in California, Florida, Georgia, Utah, Washington and other unspecified locations through Sept. 30, 2022.

The obligated amount at the time of award consists of $31,635,824 in fiscal 2017 Navy weapons procurement funds and $3,619,000 in U.K. government funds, DoD noted.

DoD added the Navy could provide an additional $316,700,000 and the U.K. could allocate another $66,699,050 for the program depending on the availability of funds for fiscal 2018.

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