Lockheed Martin Corp. won a $58 million contract modification which will bring more missile work to Brevard County.
The Bethesda, Maryland-based defense contractor (NYSE: LMT) was awarded the U.S. Navy contract to produce Trident II missiles. About 40% of the work for the order will take place between Cape Canaveral, Titusville and Merritt Island, finishing up by Sept. 30, 2024. The contract is an add-on to a $141 million contract awarded on Aug. 30. Read more here.