Lockheed Martin has won a $71.6 million worth US Navy contract for Trident II rident II (D5) missile deployed system support, the Department of defense announced Wednesday.
“Lockheed Martin Space Systems Co., Sunnyvale, California, is being awarded $71,642,534 for cost-plus-incentive-fee and cost-plus-fixed-fee modification P00003 to a previously awarded contract (N00030-17-C-0100) for Trident II (D5) missile deployed system support,” the release states.
Trident II (D5) is the latest generation of submarine-launched fleet ballistic missiles, developed and produced by Lockheed Martin. It was first deployed in 1990 and is currently aboard the OHIO-class and British VANGUARD-class submarines.
Work related to this deal is expected to be over by Sep 30, 2022. Per the terms of the agreement, majority of the work will be executed in Cape Canaveral, Florida and Sunnyvale, California. The remaining part will be carried out at different other regions of the United States.
Fiscal 2018 weapons procurement (Navy) funds in the amount of $60,904,122; fiscal 2017 research, development, test, and evaluation (Navy) funds in the amount of $2,933,563; and fiscal 2017 weapons procurement (Navy) funds in the amount of $1,982,075 are being obligated on this award, none of which will expire at the end of the current fiscal year. Subject to availability, fiscal 2018 research, development, test, and evaluation (Navy) funds in the amount of $5,822,774 will be obligated for the effort awarded and incrementally funded. None of which will expire at the end of the current fiscal year, the release added.