Lockheed Martin's (LMT) $18.9M Trident II D5 LE2 Modification Extends SSP Design Work Through 2030

Lockheed Martin Corporation (NYSE:LMT) is one of the Best Space Stocks to Buy Now. On February 27, 2026, Lockheed Martin Space won an $18.87 million contract modification from the U.S. Navy tied to the Trident II D5 Life Extension 2 program. The award is a cost-plus-fixed-fee modification (reported as P00022) to a previously awarded contract, supporting Strategic Systems Programs Alteration advanced design and development work. Funding came from fiscal 2026 Navy weapons procurement dollars, and the Navy said the funds will not expire at the end of the current fiscal year.

The workshare disclosed with the award put the largest portion in Huntsville, Alabama, at 30%, with additional work in Denver, Colorado, at 17%, multiple California sites, including Gilroy and Folsom, at 12% each, McDonald, Tennessee, at 8%, and other locations, including Maryland and Florida. The Navy’s Strategic Systems Programs office in Washington, D.C., is the contracting activity, and the work is expected to run through August 30, 2030. The contract action was issued on a sole-source basis under federal procurement law after being synopsized on SAM.gov, with one proposal received.

Lockheed Martin Corporation (NYSE:LMT) is a global aerospace and defense contractor whose portfolio spans space systems, missiles and fire control, rotary and mission systems, and aeronautics, serving U.S. government customers and international allies.

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