Lockheed Martin’s (NYSE: LMT) space business has received a potential $474.2 million contract modification to manufacture submarine-launched fleet ballistic missiles for the U.S. Navy.
The award exercised options under an existing contract for the production of Trident II D5 missiles and delivery of related deployed systems services and supports a foreign military sales agreement with the U.K., the Department of Defense said Friday.
Work on the sole-source contract will be carried out in Utah, Arkansas, Illinois, Maine, Maryland, California, Colorado, Florida, Pennsylvania and Missouri through September 30, 2027.
The Navy’s Strategic Systems Programs office in Washington, D.C., is the contracting activity and is obligating funds from operations procurement, weapons procurement and operations and maintenance accounts for fiscal year 2023.
Lockheed said the Trident II D5 weapon system has been fielded aboard the U.S. Ohio-class and U.K. Vanguard-class submarines.