Aerospace Group:

Missile Defense

Lockheed Martin Awarded $145 Million THAAD Interceptor Contract

Friday, May 4th, 2018

SHARE:

Lockheed Martin Awarded $145 Million THAAD Interceptor Contract

A Terminal High Altitude Area Defense (THAAD) battery fires an interceptor missile. (Photo: Lockheed Martin)

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $145 million modification on Wednesday 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…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]