India, Feb. 1 -- Lockheed Martin (LMT) said that the U.S. Navy awarded the company a $383 million cost-plus-incentive-fee and cost-plus-fixed-fee modification to the existing the company 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 the 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 company noted that it will build production facility in Florida and add approximately 3...