Lockheed awarded over $3 billion for Trident II missile work

The Navy has awarded Lockheed Martin two contracts worth up to a combined $3.2 billion for work on the Trident II D5 missile -- the submarine-launched ballistic missile used by both the United States and United Kingdom -- according to a Monday Pentagon announcement.

The award, which arrived on the final day of fiscal year 2024, provides Lockheed Martin Space with a $2.1 billion modification to an already-awarded, but previously unpriced contract for Trident II D5 missile production and “warhead 93/mark7 development,” the announcement states.

The contract also benefits foreign military sales, the notice adds, noting $143 million of the Navy’s FY-24 funds will be obligated for the award. Work is expected to conclude by September 2029.

Separately, Lockheed’s Rotary and Mission Systems business has received more than $1.1 billion for “strategic weapon system Trident fleet support, Trident II shipboard integration increment eight, and navigation subsystem development,” the DOD announcement continues.

This award also benefits FMS to the U.K. with work expected to conclude in September 2031. However, the contract is being awarded “subject to the availability of fiscal [year] 2025 funds,” meaning the Navy will be unable to pay until Congress passes an FY-25 spending package.