Lockheed Martin’s (LMT) $18.9M Trident II D5 LE2 Modification Extends SSP Design Work Through 2030

Core Insights - Lockheed Martin Corporation (NYSE:LMT) has secured an $18.87 million contract modification from the U.S. Navy for the Trident II D5 Life Extension 2 program, which supports advanced design and development work [1][5] - The contract is a cost-plus-fixed-fee modification and is funded by fiscal 2026 Navy weapons procurement dollars, with no expiration at the end of the current fiscal year [1] - The work is expected to continue through August 30, 2030, with the largest portion of work allocated to Huntsville, Alabama (30%), followed by Denver, Colorado (17%), and multiple sites in California and Tennessee [2] Company Overview - Lockheed Martin is a global aerospace and defense contractor with a diverse portfolio that includes space systems, missiles and fire control, rotary and mission systems, and aeronautics, serving both U.S. government customers and international allies [3]