NEWS BRIEF: Approximately $292 Million of a New $2.1 Billion Lockheed Martin Space Contract is Slated to be Completed in Magna, Utah

The news is fairly straightforward: The Titusville, Florida-based office of Lockheed Martin Space, a part of Lockheed Martin (NYSE:LMT), has been awarded a new sole source contract worth ~$2.1 billion by the U.S. Navy through its Strategic Systems Programs (SSP) command headquartered in Bethesda, Maryland.

As reported recently by the U.S. Department of Defense, this five-year, "... $2,112,872,740 hybrid fixed-price-incentive-fee, cost-plus-incentive-fee, and cost-plus-fixed-fee modification..." award is "... for Trident II D5 missile production and deployed systems support and Warhead 93/Mark7 development."

What was buried within the DOD announcement, however, is that 13.8% of the contract (~$292 million) is slated to be performed at Lockheed Martin Space facilities in Magna, Utah, with all work scheduled to be completed by 30 September 2029.

For readers not familiar with it, the SSP command is responsible for "... providing training, systems, equipment, facilities and personnel responsible for ensuring the safety, security, and effectiveness of the nation’s Submarine Launched Ballistic Missile (SLBM) Trident II (D5LE) Strategic Weapon System."

The U.S. Navy reports that its SLBMs comprise "... ~70 percent of the U.S.’s deployed strategic nuclear deterrent Triad."

Sounds like another win for Utah's military, DoD, cybersecurity, and infosec (information security) ecosystem. Bravo!

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