U.s. navy awards lockheed martin $383 million for next generation of u.s. deterrence at sea

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.
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