Lockheed Martin awarded $494.88M Navy contract modification
Lockheed Martin was awarded a $494.88M fixed-price-incentive, cost-plus-incentive-fee and cost-plus-fixed-fee modification to a previously awarded and announced un-priced letter contract for TRIDENT II missile production and deployed systems support. Work is expected to be completed September 30, 2024. The maximum dollar value of the modification, including the base and all option items, if exercised, is $1.23B. FY19 weapons procurement funds in the amount of $38.34M and United Kingdom funds in the amount of $4.17M are being obligated on this award, none of which will expire at the end of the current fiscal year. This contract is being awarded to the contractor on a sole source basis under 10 U.S. Code 2304 and was previously synopsized on the Federal Business Opportunities website. Strategic Systems Programs is the contracting activity.