The United States Navy has awarded Lockheed Martin with just under $2 billion over the past three days for development and upgrades to its missile systems.
The military industry of the war economy in the United States counts for 1.2 per cent of the GDP, so it was no surprise that the Department of Defense awarded Lockheed Martin with a $853.3 million project for the Trident II missile and deployment systems, according to
Reuters.
The Trident missile is a multiple independently targetable reentry vehicle submarine-launched ballistic missile and is expected to be completed, as the
Associated Press reports, by December 30, 2013.
On Friday, the US Navy successfully launched two unarmed ballistic missiles in the Atlantic Ocean as part of a missile evaluation, according to the
United Press International. “These successful missile tests again demonstrate the readiness and reliability of the entire Trident II D5 Strategic Weapon System. The Navy's Strategic Systems Programs achieves sustained performance through close government and industry partnerships,” said Melanie Sloane, Lockheed Martin Space Systems Vice President of Fleet Ballistic Missile Programs.
On Wednesday, Lockheed Martin was also given a $1 billion contract by the Pentagon for design and production of its Aegis ballistic missile defense system for Navy cruisers and destroyers. This development is expected to be concluded by December 31, 2014, reports
Reuters.
Also on Thursday, Lockheed received a $17.5 million contract to upgrade the Navy’s anti-submarine warfare systems, according to
Inside Nova.
These deals add up to just under $2 billion in three days.
