Lockheed Martin Receives $15.5-Million Annual Support Contract For The U.K.’S Trident Missile Program
SUNNYVALE, Calif, 04/15/2008 -- The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a one-year, $15.5-million contract for continued program management and engineering services for the United Kingdom's Trident II D5 Fleet Ballistic Missile (FBM) program.
The Royal Navy's Trident II D5 missiles, which are built by Lockheed Martin, are deployed aboard British-built Vanguard-class Trident ballistic missile submarines.
In concert with our U.S. Navy customer, we look forward to providing another year of superior support to the Royal Navy, said Bob Meier, U.K. Programs Manager, Strategic and Missile Defense Systems, Lockheed Martin Space Systems Company.
Under this contract, Lockheed Martin is providing program management and planning support to the Royal Navy, as well as technical support related to integration and operations for U.K. reentry systems, missiles and support systems. Spare parts also will be provided. Lockheed Martin is performing work at facilities in the United States and the United Kingdom for this contract, which began April 1, 2008, and will conclude by March 31, 2009.
Lockheed Martin Space Systems Company, Sunnyvale, Calif., is the prime strategic FBM contractor and missile system program manager for the U.S. Navy's Strategic Systems Programs. Since 1968, Lockheed Martin has provided program support to the Royal Navy under the terms of the 1963 U.S.-U.K. Polaris Sales Agreement. The agreement was modified in 1982 to provide for the Trident II D5 ballistic missile system.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion