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Missile Defense

Lockheed Martin Receives $528 Million for THAAD Interceptors

Valerie Insinna
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Lockheed Martin Receives $528 Million for THAAD Interceptors
THAAD radar Photo: Missile Defense Agency

The Missile Defense Agency in December awarded Lockheed Martin [LMT] a $528 million contract for the production of interceptors for the Terminal High Altitude Area Defense (THAAD) system, the company said Monday.The THAAD system provides MDA a transportable way to defend against short- to medium- range ballistic missile threats. It consists of four parts: a truck-mounted launcher, interceptors, the AN/TPY-2 x-band radar used to find and track missiles, and a fire control system used for command and control and mission…

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