
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 Defense Daily that “parts obsolescence has driven the need for an update to the technical design package to support future production.” McDaniel said using current technology in the seekers renders a new generation design and “where possible, seeker…