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Lockheed Martin Awarded $145 Million THAAD Interceptor Contract

Monday, May 14th, 2018

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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…

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