TITUSVILLE, Fla. – Lockheed Martin announced Friday it had been awarded $383 million from the U.S. Navy and is expected to bring around 300 highly-skilled jobs to Titusville with the completion of a new production facility.

The cost-plus-incentive-fee and cost-plus-fixed-fee modification went to an existing U.S. Navy contract for the development of the next generation of the Trident II Strategic Weapons System D5 missile, Lockheed Martin said in a news release.

“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,” Jerry Mamrol, vice president of Fleet Ballistic Missiles at Lockheed Martin, said in a statement. “We are proud to continue our critical partnership with the U.S. Navy to take deterrence into this new era.”

The upgraded missile — the Trident II D5 Life Extension 2 — will be designed by Lockheed Martin to be carried aboard Columbia-class ballistic missile submarines to ensure the strategic weapon system stays credible through 2084, the release states.

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Lockheed Martin is breaking ground on an approximately 225,000-square-foot facility in Titusville to make components for the new missiles, what the company says will add around 300 new jobs to the Space Coast, according to the release.

The facility is expected to be ready to go by 2027 and to meet the Navy’s productions needs for the following 60 years, the release states.

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