
The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $610 million contract for Phase II work under a Foreign Military Sale to continue efforts in a sale of the Terminal High Altitude Area Defense (THAAD) system to Saudi Arabia. MDA first awarded the company a $946 million contract for THAAD Phase I long lead items and various early engineering development and test equipment items and work in 2019 (Defense Daily, March 5, 2019). The State Department initially approved the…