Company will build production facility in
Florida and add approximately 300
jobs to support strategic missile modernization
TITUSVILLE, Fla., Jan. 31,
2025 /PRNewswire/ -- The U.S. Navy awarded Lockheed
Martin (NYSE: LMT) a $383 million
cost-plus-incentive-fee and cost-plus-fixed-fee modification to the
existing Lockheed Martin contract for development of the next
generation of the Trident II Strategic Weapons System (SWS) D5
missile to continue the nation's sea-based strategic
deterrence.
Under this contract modification, Lockheed Martin will design
the upgraded missile, called the Trident II D5 Life Extension 2
(D5LE2). The integrated, modernized missile will be carried aboard
COLUMBIA-class ballistic missile submarines to ensure the strategic
weapon system remains credible through 2084.
"The second life extension of the Trident D5 missile will enable
the United States and United Kingdom, through the Polaris Sales
Agreement, to maintain credibility deterring evolving threats,"
said Jerry Mamrol, vice president of
Fleet Ballistic Missiles at Lockheed Martin. "We are proud to
continue our critical partnership with the U.S. Navy to take
deterrence into this new era."
Advancing Deterrence
The D5 missile, built and upgraded by Lockheed Martin for the
Navy, is the most advanced ballistic missile in the world and is
currently aboard U.S. OHIO-class and U.K. VANGUARD-class
submarines. This year, Lockheed Martin will mark 70 years of
support to the Navy developing and sustaining the missiles that are
the backbone for the nation's sea-based deterrence through the
company's Fleet Ballistic Missiles (FBM) program.
Lockheed Martin's FBM program is critical to preserving American
and allied security with a focus on innovation through advanced
digital technology, modern facilities, and a culture of
excellence.
New Florida Facility for the Future
Lockheed Martin is breaking ground on an approximately 225,000
square foot facility in Titusville,
Florida to produce components for the D5LE2
submarine-launched ballistic missile.
The new facility expands Lockheed Martin's presence in
Florida's Space Coast and is
expected to add approximately 300 highly-skilled new jobs.
"Under Governor Ron DeSantis'
leadership, Florida continues to
invest in our aerospace and aviation, and military and defense
industries – bringing high-skill, high-wage jobs to the state,"
said Florida Secretary of Commerce
J. Alex Kelly. "Strategic
investments like this continue to propel Florida's workforce, adding 300 new jobs and
bringing economic success to Florida communities."
The facility is anticipated to be ready for operations in 2027
to meet the Navy's production needs and support the service for the
next 60 years.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving
innovation and advancing scientific discovery. Our all-domain
mission solutions and 21st Century Security® vision accelerate the
delivery of transformative technologies to ensure those we serve
always stay ahead of ready. More information at
www.Lockheedmartin.com.
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SOURCE Lockheed Martin
