LM Receives $849 M Contract for Trident II D5 Missile
(Sunnyvale, Calif., December 20, 2007) -- The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a contract valued at $849 million for fiscal year 2008 production and deployed system support for the Trident II D5 Fleet Ballistic Missile (FBM) program.
Work under the contract includes D5 production support, including reentry system hardware, and operations and maintenance to support the readiness and reliability of missile systems deployed aboard FBM submarines and at on-shore facilities.
The contract also continues D5 Life Extension development work. Deliveries under the original D5 contract, which called for production of 425 missiles, began in 1989 and concluded in 2007. D5 Life Extension missile deliveries are scheduled to begin in 2011, with a minimum of 108 additional missiles being delivered by 2017. The D5 Life Extension program will support the service life of the Navy's Trident II Ohio-class submarines, which has been extended to 2042.
"Under the leadership of our Navy customer, we will continue our work in support of the D5 missile while continuing to prepare for the Navy's transition to the D5 Life Extension missile," said Tory Bruno, vice president and general manager of Strategic Missile Programs, Lockheed Martin Space Systems Company.
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