Lockheed Martin awarded $110.9 million contract for Trident missile support

Investing.com -- Lockheed Martin Space has been awarded a $110.9 million contract modification for Trident II missile production and deployed systems support, the U.S. Department of Defense announced Friday.

The cost-plus-fixed fee modification to a previously awarded contract will be performed primarily in Magna, Utah, which accounts for 94.9% of the work. Additional work will take place in Clearwater, Florida (2.7%), Titusville, Florida (1.3%), and other locations accounting for less than 1% each (1.1% total).

The contract work 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. None of these funds will expire at the end of the current fiscal year.

The contract was awarded to Lockheed Martin on a sole source basis under 10 U.S. Code 3204(a)(1). While the opportunity was previously posted on the Systems for Award Management website, only one proposal was received.

Strategic Systems Programs in Washington, D.C. is serving as the contracting activity for this unclassified project.

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