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Lockheed Martin Wins $459 Million Contract For More THAAD Interceptors

Rich Abott By
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Lockheed Martin Wins $459 Million Contract For More THAAD Interceptors
A THAAD interceptor is launched from Kodiak, Alaska during Flight Experiment THAAD (FET)-01 on July 30, 2017. (Photo: Missile Defense Agency)

This article has been updated to reflect industry comments.The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $459 million modification on Friday to produce additional Lot 10 Terminal High Altitude Area Defense (THAAD) interceptors.The modification exercises an option on a previously-awarded contract for these additional interceptors and provide associated production support efforts under fixed-price incentive-firm target contract line item numbers.Last March MDA awarded Lockheed Martin a $273 million contract for Lot 9 of these THAAD missile defense interceptors. Then…

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