The U.S. Navy is awarding Lockheed Martin a contract valued at $654.9 million for fiscal year 2007 production and deployed system support for the Trident II D5 Fleet Ballistic Missile (FBM) program.

Work under the contract will include D5 production support, including reentry system hardware, and operations and maintenance to support the readiness and reliability of missile systems, both deployed aboard FBM submarines and at on-shore facilities.

"Our work in the coming years will span research and development, design, production, testing, operations and maintenance on this important Navy program," said Tory Bruno, vice president of Strategic Missile Programs, Lockheed Martin Space Systems Company.

First deployed in 1990 and scheduled for operational deployment until 2042, the Trident II D5 is aboard 12 of an eventual 14 Trident II-configured Ohio-class submarines. The three-stage, solid-propellant, inertial-guided ballistic missile has a nominal range of 4,000 nautical miles and carries multiple independently targeted reentry vehicles.

Lockheed Martin Space Systems Company, Sunnyvale, Calif., is the prime strategic missile contractor and missile system program manager for the U.S. Navy's Strategic Systems Programs. Approximately 2,400 Lockheed Martin Space Systems employees, principally in California, Georgia, Florida, Washington and Utah, support the design, development, production, test and operation of the Trident strategic weapon system.

Headquartered in Bethesda, Md., Lockheed Martin Corporation employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion.

CONTACT: Lynn Fisher, +1-408-742-7606, or lynn.m.fisher@lmco.com

SOURCE: Lockheed Martin