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Lockheed Martin Wins $1.4 Billion Mod For More THAAD Interceptors

Rich Abott By
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Lockheed Martin Wins $1.4 Billion Mod For More THAAD Interceptors
A THAAD system successfully launches and intercepts a medium-range target using a remote launcher kit in Flight Test THAAD (FTT)-23 at the Kwajalein Atoll in the Republic of the Marshall Islands (Photo: Missile Defense Agency)

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $1.4 billion modification on March 31 to produce additional Terminal High Altitude Area Defense (THAAD) interceptors and associated one-shot devices for both the U.S. and Foreign Military Sales (FMS) to Saudi Arabia. The Defense Department said this equipment will be procured under fixed-price incentive contract line items, increasing the base contract value from $6.4 billion to $7.76 billion. Work will occur in Dallas, Texas; Sunnyvale, Calif.; Huntsville, Ala.; Camden, Ark.;…

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