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Lockheed Martin awarded $1.17B Navy contract

Lockheed Martin was awarded a $1.17B hybrid cost plus incentive fee and cost-plus fixed fee contract, to provide Strategic Weapon System Trident fleet support, Trident II shipboard integration increment eight, and navigation subsystem development efforts. This contract award also benefits a foreign military sale to the United Kingdom. Work is expected to be completed by September 29, 2031. This contract is being awarded subject to the availability of Fiscal 2025 funds and no funds will expire at the end of the current fiscal year. This contract is being awarded as a sole-source pursuant to 10 U.S. Code 3204(a)(1) and (4). Strategic Systems Programs is the contracting activity.

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