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Lockheed Martin Wins $610 Million Contract For Phase II Of Saudi Arabia THAAD Sale

Friday, April 2nd, 2021

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Lockheed Martin Wins $610 Million Contract For Phase II Of Saudi Arabia THAAD Sale

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 $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…

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