Author: Matthew Nelson|| Date Published: December 21, 2018
Lockheed Martin (NYSE: LMT) has received a potential $167.1M contract from the U.S. Navy to provide a submarine-launched ballistic missile system’s navigation technology.
The company’s rotary and mission systems business will deliver the Trident IID5Strategic Weapon System component for submarines of the Navy’s Columbia class and the U.K.’s Dreadnought class, the Department of Defensesaid Wednesday.
Work under the sole-source contract is scheduled to occur through Sept. 30, 2021.
The Navy will provide $142.2M in fiscal 2019 funds and the U.K. government will obligate $24.9M at the time of award.
Trident II D5 missiles are currently deployed on the two countries’ Ohio-class and Vanguard-class submarines.
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Lockheed Martin (NYSE: LMT) has received a potential $167.1M contract from the U.S. Navy to provide a submarine-launched ballistic missile system’s navigation technology.
