Author: Kacey Roberts|| Date Published: December 12, 2022
A business segment of Lockheed Martin (NYSE: LMT) has received a $328.5 million contract to perform support work on Trident ballistic missile systems designed for U.S. and U.K. submarines.
The company’s rotary and missions systems unit will provide support to the Strategic Weapon System Trident Fleet, integrate increment eight on shipboards and develop a navigation subsystem, the Defense Department said Thursday.
Contract work is scheduled to run through Sept. 30, 2026 and includes a foreign military sale provision.
The Navy will obligate $30.6 million at the time of the sole-source award.
Sixty-four percent of the work will occur in Mitchel Field, New York, and the remaining 36 percent at various sites in California, Florida, Massachusetts and Virginia.
The two-stage Trident II D5 system is currently in service with U.S. Ohio- and British Vanguard-class submarines, according to Lockheed.
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