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  • Friday, April 26, 2024

Lockheed Receives $129M Contract to Integrate US, UK Submarine Missile Compartment Subsystems

Lockheed Martin (NYSE: LMT) has secured a six-year, $128.7M contract to provide integration support for integrate subsystems into the common missile compartment of U.S. and U.K. nuclear-powered submarines under construction.

The company will add Trident II missile and reentry components to CMC assemblies for the U.S. Navy’s Columbia-class and the British navy’s Dreadnought-class underwater vessels, the Department of Defense said Monday.

Work under the sole-souce, cost-plus-fixed-fee contract will take place at various locations through Feb. 28, 2027.

DOD noted that nearly $114.1 million of the $120.9 million initial obligations will come from the U.S. Navy’s fiscal 2021 shipbuilding and conversion funds and the remaining $6.8 million will come from foreign funds.

The Strategic Systems Programs in Washington, D.C., is the contracting activity.

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