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  • Friday, April 26, 2024

Lockheed Awarded $474M Navy Trident II Missile Life Extension Contract

Jeff Brody

Lockheed Martin’s (NYSE: LMT) space segment has received a potential $473.8M contract to perform alteration work for the U.S. Navy’s Trident II D5 fleet ballistic missiles as part of a second life extension initiative.

The company will help the service branch's strategic systems programs organization to increase the lifespan of the submarine-launched weapon under the D2 LE2 SSP Alteration Advanced Development Program, the Department of Defense said Friday.

The Navy will obligate $2.8M in fiscal 2020 Navy research, development, test and evaluation funds for the sole-source award.

Work will take place in Denver, California, Maryland and Florida as well as various designated locations.

The Pentagon expects Lockheed to complete work by Sept. 30, 2026.

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