US Navy Awards $88M Trident II Missile Contract To Lockheed Martin

Lockheed Martin has been awarded a $88 million contract by the US Navy for Trident II (D5) missile field processing and deployed system support.

“Lockheed Martin Space Systems Co., Sunnyvale, California, is being awarded $88,097,058 for modifications (P00002 and P00004) to a previously awarded, cost-plus-incentive-fee, cost-plus-fixed-fee contract (N00030-16-C-0100) for Trident II (D5) missile field processing and deployed system support. This modification funds work previously awarded subject to the availability of funds and exercises contract options,” the US Department of defense announced Monday.

The work is expected to be completed by September 2021.

Fiscal 2017 weapons procurement (Navy) funds in the amount of $64,790,255; fiscal 2017 operations and maintenance (Navy) funds in the amount of $22,570,803; and United Kingdom funds in the amount of $736,000 are being obligated at time of award, $22,570,803 of which will expire at the end of the current fiscal year, the statement added.