Lockheed Martin's (NYSE: LMT) space business has secured a $108.8M contract modification to manufacture and support Trident II missiles for the U.S. Navy.
The award exercised options under an existing contract for Trident II D5 production and systems support services, the Department of Defense said Monday.
Work will take place in Denver, Florida, California, Illinois, Connecticut, Washington, Georgia, Italy and other locations, through Sept. 30, 2025.
The Navy will use a combined amount of $105.2M in fiscal 2021 allocations and $3.6M funding from the U.K. to finance the modification.
U.S. Ohio-class and U.K. Vanguard-class submarines use Trident II missiles to strike targets.
