Lockheed Secures $191M to Produce Trident Missile Navigation Tech for US, UK Submarines

Lockheed Martin (NYSE: LMT) has secured a potential $191.2 million contract from the U.S. Navy to manufacture inertial navigation systems for Increment 8 of the Trident II submarine-launched fleet ballistic missile system.

The company’s rotary and mission systems business will produce the devices as part of the Trident Shipboard Systems Integration program involving U.S. Ohio-class and U.K. Vanguard-class submarines, the Department of Defense said Wednesday.

The Navy will obligate $40.1 million on the initial award and expects contract work to be complete by Feb. 28, 2028.

The service branch initially awarded Lockheed a $93.4 million undefinitized contract action in March 2016 to design a Trident II inertial navigation subsystem and develop technology refresh programs for the eighth and 13th SSI increments.

In May 2017, the company received a $79.9 million contract for program management and technical support associated with the subsystem.

Lockheed provides missile and support equipment production, technical and logistics services to the Navy as the Trident prime contractor.

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