Lockheed Martin Awarded $15.9 Million Navy Contract for Trident II Missile Work

The Titusville, Florida, defense contractor received a sole-source letter contract to fund long lead material for the fiscal 2027 Trident II (D5) submarine-launched missile production schedule, the Navy said July 24, 2026.

First Published: July 25, 2026, 3:20 PM ET

TITUSVILLE, FLORIDA — Lockheed Martin Corp., the top contractor of the United States federal government, received a $15.9 million Navy contract to sustain production of the sea-based Trident II (D5) nuclear missile, as announced on war.gov.

The fixed-price-incentive-fee letter contract funds long lead material plus the labor, planning and scheduling to support the fiscal 2027 Trident II (D5) production schedule. Fiscal 2026 weapons procurement funds of $15.9 million cover the award, and none will expire at the end of the current fiscal year. Strategic Systems Programs in Washington, D.C., serves as the contracting activity, and the contract runs through Sept. 30, 2031. Work spans nine primary sites, led by Magna, Utah, and Camden, Arkansas, each carrying 29% of the effort. Titusville, Florida, accounts for 14%, followed by Elkton, Maryland, at 7%. Miamisburg, Ohio, Joplin, Missouri, Biddeford, Maine, and Inglewood, California, round out the named locations, with remaining sites totaling 3%.

The Navy issued the deal on a sole-source basis under 10 U.S. Code 3204(a)(1), and previously synopsized it on the System for Award Management portal. Sole-source awards limit competition when one supplier holds the specialized capability, concentrating strategic missile work with a single prime and its established supply chain. Lockheed Martin anchors the U.S. strategic deterrent as prime contractor for the submarine-launched Trident missile. The company reported record backlog of $230 billion and second-quarter sales of $20.1 billion, an 11% year-over-year increase, according to lockheedmartin.com. Roughly 65% of company revenue came from the Department of Defense.

The award reinforces a program the Navy has funded for decades. The Trident II (D5) missile arms the Ohio-class ballistic missile submarines that form the sea leg of the nuclear triad, and successive service-life extension efforts have kept the weapon in production well past its original timeline. Continued procurement of long lead material lets suppliers preserve tooling and skilled labor before full production rates are set. For the average U.S. reader, the contract represents a slice of the tens of billions in defense spending routed to private manufacturers each year, and nine states share the direct labor. The total value of contracts to Lockheed Martin Corp.in 2026 reached $37.5 billion, dwarfing this single award. Strategic Systems Programs will make the next decision when it definitizes the un-priced letter contract into final terms, though a date for that definitization has not been announced.

The Trident missile predates the company that now builds it, as happened before with legacy weapons folded into larger firms. Lockheed Corporation and Martin Marietta finalized their $10 billion merger on March 15, 1995, uniting the Trident program with Martin Marietta’s Titan rocket line, according to wikipedia.org. Norman R. Augustine, then chief executive of Martin Marietta, received an $8.2 million bonus tied to that deal. Three decades later, the combined firm still holds the sole-source franchise on the Navy’s sea-based deterrent.

The total value of contracts awarded to Lockheed Martin Corp.in 2026 reached $37,531,172,445. Overall, this award was announced among 8 Department of Defense contracts issued nationwide on July 24, 2026.