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Missile Defense

Lockheed Martin Wins $912 Million THAAD Support Mod

Rich Abott By
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Lockheed Martin Wins $912 Million THAAD Support Mod
Group of soldiers or spies in dark room with large monitors and advanced satellite communication technology launching a missle. Includes flashing yellow light.

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $912 million modification to a Terminal High Altitude Area Defense (THAAD) contract. The award specifically covers THAAD element development and support services, raising the ceiling value of the contract from $2.335 billion to $3.247 billion. The contract is a sole source indefinite-delivery/indefinite-quantity contract. The Defense Department announcement explains the modification provides for the extension of the period of performance for additional incremental development, support to flight and ground test programs,…

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