Lockheed awarded $932.8M to make THAADs for U.S., Saudi Arabia

Lockheed Martin was awarded a $932.8 million contract modification for the production of Terminal High Altitude Area Defense interceptor missiles for the U.S. Missile Defense Agency and the Kingdom of Saudi Arabia, the Department of Defense announced.

The deal exercises options contract originally awarded in March 2017 and increases the contract's total value to $6.3 billion.

The Terminal High Altitude Area Defense is an anti-ballistic missile defense system made to shoot down short-, medium-, and intermediate-range ballistic missiles.

In August the MDA remotely launched a THAAD missile in the Marshall Islands.

The work is performed in Dallas, Texas; Sunnyvale, Calif.; Huntsville, Ala., Camden, Ark., and Troy, Ala.

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Lockheed awarded $932.8M to make THAADs for U.S., Saudi Arabia Lockheed awarded $932.8M to make THAADs for U.S., Saudi Arabia Reviewed by Unknown on 04:46:00 Rating: 5

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