The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $933 million modification on Tuesday to produce additional Terminal High Altitude Area Defense (THAAD) interceptors for the U.S. and Saudi Arabia. A contract announcement said this modification is exercising an option under an earlier ...

A Government Accountability Office (GAO) official told lawmakers last week while the Missile Defense Agency (MDA) has taken steps to reduce risk in the Next Generation Interceptor (NGI) program, it is still wary of repeating past acquisition problems. “We have considered its acquisition programs ...

A Lockheed Martin [LMT] on Wednesday official further explained what prompted its new contract to BAE Systems for next-generation Terminal High Altitude Area Defense (THAAD) infrared seekers. Lockheed Martin Vice President for Upper Tier Integrated Air and Missile Defense Richard McDaniel told ...

Raytheon [RTN] said Tuesday it has successfully completed initial testing of the first antenna array for the Lower Tier Air and Missile Defense Sensor (LTAMDS) it’s producing for the Army’s program to replace the Patriot defense system’s current radar. The first test consisted of calibrating ...

Lockheed Martin [LMT] awarded BAE Systems a contract to design and build next-generation infrared seekers for the Terminal High Altitude Area Defense (THAAD) system, BAE said Tuesday. BAE did not disclose numbers of contract value. However, in a statement, the company said, “the sensor design ...