U.S. Navy Awards Lockheed Martin $383 Million for Next Generation of U.S. Deterrence at Sea

Core Points - The U.S. Navy awarded Lockheed Martin a $383 million contract modification for the development of the next generation Trident II D5 missile to enhance sea-based strategic deterrence [1][2] - Lockheed Martin will design the upgraded missile, Trident II D5 Life Extension 2 (D5LE2), to be deployed on COLUMBIA-class submarines, ensuring the system's credibility through 2084 [2][3] - The D5 missile is recognized as the most advanced ballistic missile globally, currently utilized on U.S. OHIO-class and U.K. VANGUARD-class submarines, marking 70 years of Lockheed Martin's support to the Navy [3][4] Company Developments - Lockheed Martin is establishing a new 225,000 square foot facility in Titusville, Florida, to produce components for the D5LE2 missile, which will create approximately 300 new jobs [5][6] - The facility is expected to be operational by 2027, supporting the Navy's production needs for the next 60 years [6] Industry Impact - The investment in the new facility aligns with Florida's strategy to enhance its aerospace, aviation, military, and defense sectors, contributing to high-skill job creation and economic growth in the region [6]