Lockheed lands its first 2019 missile contract on Space Coast, valued at $559M

Contract activity is perking up in Central Florida, as both Lockheed Martin Corp. (NYSE: LMT) and DRS Network and Imaging Systems LLC each nabbed contracts worth a combined value of $627 million from the U.S. Department of Defense. 

The U.S. Navy awarded Lockheed Martin’s Space division a $559.6 million, four-year contract for Trident II D5 missile production and deployed system support. A chunk of the work will happen in Cape Canaveral where Lockheed Martin has a ballistic missile program with thousands of workers, as well as in Titusville, and a dozen more locations. Read more here.