Hello, Guest!
  • Friday, November 22, 2024

Lockheed Gets $560M Modification on Trident II D5 Missile Production, Support Contract


Lockheed Martin (NYSE: LMT) will continue to manufacture submarine-launched ballistic missiles for the U.S. Navy and the government of U.K. under a four-year, $559.6M contract modification.

The company will also support both countries’ deployed Trident II D5 missile systems, the Department of Defense said Thursday.

The Navy will obligate $421.8M in fiscal 2019 weapons and “other” procurement funds at the time of award, while U.K will provide $137.8M on this modification.

Work is expected to conclude by Sept. 30, 2023.

Trident II D5 missiles are currently aboard U.S. Ohio-class and U.K. Vanguard-class submarines and designed to carry multiple independently targeted re-entry vehicle warheads.

Video of the Day

Related Articles

AWS Unveils $7.8B Investment to Expand Data Center Operations in Ohio News

AWS Unveils $7.8B Investment to Expand Data Center Operations in Ohio

Central Ohio is eyed to accommodate an estimated $7.8 billion project by Amazon‘s (Nasdaq: AMZN) cloud computing business to broaden its data center operations in the state. The new campuses will expand Amazon Web Services‘ cloud computing capability by hosting additional servers, data storage drives, networking equipment and other related technology infrastructure, according to a

Lockheed Unveils Florida Ballistic Missile Program HQ; Rick Ambrose Quoted News

Lockheed Unveils Florida Ballistic Missile Program HQ; Rick Ambrose Quoted

Lockheed Martin (NYSE: LMT) has inaugurated a new facility in Titusville, Fla., that will accommodate the development and construction of ballistic missile systems.

Deloitte to Help 4 States Integrate Modular Medicaid Systems Via Cloud-Based Platform Press Releases

Deloitte to Help 4 States Integrate Modular Medicaid Systems Via Cloud-Based Platform

TYSONS CORNER, VA, December 13, 2018 ” Deloitte will work with the Montana, Ohio, Virginia and Wyoming state governments to deploy a cloud-based information technology platform designed to integrate modular Medicaid enterprise systems, ExecutiveBiz reported Wednesday. The company said Tuesday its HealthInteractive Platform is built on IBM Cloud and features predefined application programming interfaces and extensibility to support both current