Lockheed Martin subsidiary lands $1.2 billion U.S. Navy contract

A Lockheed Martin Corp.
LMT,
-0.49%
subsidiary on Friday landed a $1.2 billion U.S. Navy contract modification for Trident II missile production and deployment systems support. Lockheed Martin Space’s project is expected to be completed by Sept. 30, 2028. Shares of Lockheed Martin are flat in after-hours trading.