EDC Announces Strategic Expansion of Lockheed Martin on Florida’s Space Coast

FOR IMMEDIATE RELEASE

CONTACT:

Trudy McCarthy
(321) 638-2000
TMcCarthy@SpaceCoastEDC.org

EDC of Florida’s Space Coast announces Lockheed Martin to bring high quality jobs to produce components for next generation missile   

Florida’s SPACE COAST, Fla. (Jan 31, 2025) –

The Economic Development Commission of Florida’s Space Coast (EDC) today announced Lockheed Martin’s $140-million advanced manufacturing new facility planned for Titusville. The expansion is projected to bring up to 300 new jobs with an annual average wage of $89,000. This close collaboration with the U.S. Navy anticipates up to 100 naval personnel in addition to the 300 private sector jobs to produce components of the next generation missile, Trident II D5 LE2.

“Lockheed Martin’s continued expansion in Titusville is yet another important win resulting from the EDC’s successful efforts to reverse the Base Realignment and Closure Commission’s (BRAC) recommendation to relocate the Naval Ordnance Test Unit (NOTU),” said Lynda Weatherman, President and CEO of the Economic Development Commission of Florida’s Space Coast. “The Strategic Weapons System Ashore investment by the Navy, the relocation of Lockheed Martin’s Fleet Ballistic Missile headquarters to Titusville, the opening of its new logistics facility, and now a 225,000 square-foot, $140-million advanced manufacturing facility represent impactful growth that will benefit the Space Coast for decades to come.”

The Trident II D5 LE2 component production announcement further builds out the direct support to the readiness of America’s Warfighting Navy capabilities on Florida’s Space Coast.

District 1 Commissioner Katie Delaney proudly noted that “The Navy and Lockheed Martin’s expansion and strengthened presence in our community is integral to National Security and assures a promising future for the residents of District 1 and Florida’s Space Coast. Our region’s prime location strengthens America’s leadership in defense, drives innovation and with today’s announcement creates more high-quality jobs”

Below is the full press release from the Lockheed Martin on the project.

U.S. Navy Awards Lockheed Martin $383 Million for Next Generation of U.S. Deterrence at Sea

Company will build production facility in Florida and add approximately 300 jobs to support strategic missile modernization 

TITUSVILLE, Fla., Jan. 31, 2025 /PRNewswire/ — The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $383 million cost-plus-incentive-fee and cost-plus-fixed-fee modification to the existing Lockheed Martin contract for development of the next generation of the Trident II Strategic Weapons System (SWS) D5 missile to continue the nation’s sea-based strategic deterrence.

Under this contract modification, Lockheed Martin will design the upgraded missile, called the Trident II D5 Life Extension 2 (D5LE2). The integrated, modernized missile will be carried aboard COLUMBIA-class ballistic missile submarines to ensure the strategic weapon system remains credible through 2084.

“The second life extension of the Trident D5 missile will enable the United States and United Kingdom, through the Polaris Sales Agreement, to maintain credibility deterring evolving threats,” said Jerry Mamrol, vice president of Fleet Ballistic Missiles at Lockheed Martin. “We are proud to continue our critical partnership with the U.S. Navy to take deterrence into this new era.”

Advancing Deterrence

The D5 missile, built and upgraded by Lockheed Martin for the Navy, is the most advanced ballistic missile in the world and is currently aboard U.S. OHIO-class and U.K. VANGUARD-class submarines. This year, Lockheed Martin will mark 70 years of support to the Navy developing and sustaining the missiles that are the backbone for the nation’s sea-based deterrence through the company’s Fleet Ballistic Missiles (FBM) program.

Lockheed Martin’s FBM program is critical to preserving American and allied security with a focus on innovation through advanced digital technology, modern facilities, and a culture of excellence.

New Florida Facility for the Future

Lockheed Martin is breaking ground on an approximately 225,000 square foot facility in Titusville, Florida to produce components for the D5LE2 submarine-launched ballistic missile.

The new facility expands Lockheed Martin’s presence in Florida’s Space Coast and is expected to add approximately 300 highly-skilled new jobs.

“Under Governor Ron DeSantis’ leadership, Florida continues to invest in our aerospace and aviation, and military and defense industries – bringing high-skill, high-wage jobs to the state,” said Florida Secretary of Commerce J. Alex Kelly. “Strategic investments like this continue to propel Florida’s workforce, adding 300 new jobs and bringing economic success to Florida communities.”

The facility is anticipated to be ready for operations in 2027 to meet the Navy’s production needs and support the service for the next 60 years.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.Lockheedmartin.com.

SOURCE Lockheed Martin

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About the Economic Development Commission of Florida’s Space Coast
The Economic Development Commission of Florida’s Space Coast (EDC) is dedicated to attracting new business and investment and expanding existing industry throughout the Space Coast, influencing change on government laws and regulations affecting economic development, promoting the Space Coast to encourage new investment, supporting efforts of Space Coast military installations, and relaying new programs and procedures to assist manufacturing and high-tech companies. The EDC is a private, not-for-profit coalition whose stakeholders are business leaders committed to the economic growth and stability of Florida’s Space Coast. Visit www.SpaceCoastEDC.org.