SAN FRANCISCO (Thomson Financial) - Lockheed Martin Corp. said Thursday it received a contract valued at $849 million from the Navy for fiscal 2008 production and deployed system support for the Trident II D5 Fleet Ballistic Missile program.
The contract covers D5 production support, including re-entry system hardware, and operations and maintenance to support the readiness and reliability of missile systems deployed aboard FBM submarines and at on-shore facilities, the Bethesda, Md.-based defense firm said.
The contract also continues D5 Life Extension development work. Deliveries under the original D5 contract, which called for production of 425 missiles, began in 1989 and ended in 2007, the company said. D5 Life Extension missile deliveries are scheduled to begin in 2011, with a minimum of 108 additional missiles being delivered by 2017.
The company's stock was down 87 cents at $107.38. Katherine Hunt kh/jw COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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