Lockheed Martin Awarded $145 Million THAAD Interceptor Contract

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $145 million modification on May 3 to produce additional Lot 10 Terminal High Altitude Area Defense (THAAD) interceptors and associated equipment.

This award increases the total contract to $1.43 billion. It also covers one-shot devices and associated product support efforts under the larger fix-price incentive-firm target contract.

A Lockheed Martin spokesperson confirmed this order covers 16 THAAD interceptors for the U.S. government.

Work is expected to be finished by August 2021 with full procurement funding obligated at award time.

Relatedly, the MDA awarded Lockheed Martin an $18 million modification options to produce additional Missile Round Pallets-Transportable (MRP-T) for the THAAD system.

This second award increases that separate parent contract value to $996 million. Work is expected to be finished by December 2021 and all procurement funds were obligated at award time.

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