U.S. Navy Awards Lockheed Martin $383 Million for Florida Production Facility

Design & Development Today02-03 23:03

The U.S. Navy awarded Lockheed Martin 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...

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The integrated, modernized missile will be carried aboard COLUMBIA-class ballistic missile submarines to ensure the strategic weapon system remains credible through 2084.Fire at One of the World's Largest Battery Plants in California Forces Evacuations. The D5 missile, built and upgraded by Lockheed Martin for the Navy, is the most advanced ballistic missile in the world and is currently aboard U.S. OHIO-class and U.K. VANGUARD-class submarines. 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The integrated, modernized missile will be carried aboard COLUMBIA-class ballistic missile submarines to ensure the strategic weapon system remains credible through 2084.\nMost Read on Design & Development Today:\n\nA New Rival Bid for U.S. Steel Is Emerging as the U.S. Extends Deadline\nFire at One of the World's Largest Battery Plants in California Forces Evacuations\nZM Trucks Announces First North American Manufacturing Plant\nStellantis to Resume Work at Illinois Plant in 2027\n\nThe D5 missile, built and upgraded by Lockheed Martin for the Navy, is the most advanced ballistic missile in the world and is currently aboard U.S. OHIO-class and U.K. VANGUARD-class submarines. This year, Lockheed Martin will mark 70 years of support to the Navy developing and sustaining the missiles that are the backbone for the nation's sea-based deterrence through the company's Fleet Ballistic Missiles (FBM) program. \nLockheed Martin's FBM program is critical to preserving American and allied security with a focus on innovation through advanced digital technology, modern facilities, and a culture of excellence. \nLockheed Martin is breaking ground on an approximately 225,000 square foot facility in Titusville, Florida to produce components for the D5LE2 submarine-launched ballistic missile. \nThe new facility expands Lockheed Martin's presence in Florida's Space Coast and is expected to add approximately 300 highly-skilled new jobs. \nThe facility is anticipated to be ready for operations in 2027 to meet the Navy's production needs and support the service for the next 60 years.\nClick here to subscribe to our daily newsletter featuring breaking engineering industry news.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508335126"}