Lockheed Martin to bring more work to Florida’s Space Coast with $58M contract

Lockheed Martin Corp. won a $58 million contract modification, which will bring more missile work to Florida’s Space Coast.

The Bethesda defense giant (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.