Author: Mary-Louise Hoffman|| Date Published: February 15, 2017
A business unit ofLockheed Martin (NYSE: LMT) has been awarded a $540.8 million contract modification to produce Trident II D5 fleet ballistic missiles for the U.S. Navy.
The Defense Departmentsaid Tuesday that Lockheed’s space systems business will also support deployed Trident II missile systems under the modification.
DoD added it will allocate $454 million in fiscal year 2017 weapons procurement funds from the Navy; $50.7 million from the U.K.; and another $36.1 million from the Navy’s FY 2017 operations and maintenance funds to cover the full obligated amount.
According to Lockheed, the Trident II missile is designed to be launched from submarines and a follow-on to the Polaris, Poseidon, and Trident I C4 missiles.
The U.S. and U.K. navies respectively use Trident II aboard Ohio-class and Vanguard-class submarines.
Lockheed’s space systems unit is scheduled to complete work under the modification Sept. 30, 2021.
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen…
Army Comptroller Marc Andersen has called for scaling private capital to strengthen national security Army installations can support industrial growth,…
A business unit of Lockheed Martin (NYSE: LMT) has been awarded a $540.8 million contract modification to produce Trident II D5 fleet ballistic missiles for the U.S. Navy.
