Lockheed Martin Secures $110.9M Navy Contract Modification for Trident II Missile Production

Lockheed Martin has been awarded a $110.9M cost-plus-fixed fee modification to a previously awarded contract for Trident II missile production and deployed systems support. The work is expected to be completed by September 30, 2029. The maximum value of the contract action is $110.9M and was awarded to Lockheed Martin on a sole source basis.

Lockheed Martin has been awarded a $110.9 million cost-plus-fixed fee modification to a previously awarded contract for Trident II missile production and deployed systems support. The work is expected to be completed by September 30, 2029. The maximum value of the contract action is $110.9 million and was awarded to Lockheed Martin on a sole source basis [1].

The contract modification, which will be primarily executed in Magna, Utah, with additional work in Clearwater, Florida, Titusville, Florida, and other locations, is scheduled to be completed by September 30, 2029. The Department of Defense will obligate $110.6 million in fiscal 2025 weapons procurement funds from the Navy, along with $292,303 in fiscal 2023 weapons procurement funds [1].

The contract was awarded under 10 U.S. Code 3204(a)(1), a provision that allows for sole-source contracts in certain circumstances. Strategic Systems Programs in Washington, D.C., is serving as the contracting activity for this unclassified project [1].

References:
[1] https://www.investing.com/news/stock-market-news/lockheed-martin-awarded-1109-million-contract-for-trident-missile-support-93CH-4196252