Lockheed Martin has established its Titusville site in Florida, US as the new headquarters of the Fleet Ballistic Missile (FBM).

The relocation of the FBM Headquarters to Florida’s Space Coast from Sunnyvale, California, was marked by a flag-raising event.

The move is expected to bring more than 300 jobs to the Space Coast region.

In February 2017, the company revealed plans to relocate the FBM programme.

The firm stated at the time that the move will drive cost savings and allow it to centralise mission expertise in key locations.

Lockheed Martin Space Fleet Ballistic Missile programmes vice-president Sarah Hiza said: “We are thrilled and grateful to call Titusville our new home. This region plays a prominent role in the defence industry.

“I am very proud to represent our programme headquarters in this community and continue to provide the highest level of support to our navy customer. What they do for our nation is critical, and we deeply appreciate the men and women who serve.”

According to Lockheed Martin, the Titusville site will ensure continued partnership with the navy.

The FBM weapon system is the navy’s major contribution to the country’s TRIAD strategic deterrent weapons mix.

It features nuclear-powered submarines, each capable of carrying nuclear-tipped ballistic missiles.

Under the FBM programme, Lockheed Martin has built and sustained six generations of submarine-launched ballistic missiles for the navy.

The Trident II D5 missiles are in service for launch from the US Navy’s Ohio-class submarines.

In addition, the British Royal Navy’s Vanguard-class submarine carried these missiles as a nuclear deterrent.