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Missile Defense

Lockheed Martin Wins $933 Million U.S./Saudi THAAD Mod

Rich Abott By
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Lockheed Martin Wins $933 Million U.S./Saudi THAAD Mod
A Terminal High Altitude Area Defense (THAAD) battery fires an interceptor missile. (Photo: Lockheed Martin)

The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $933 million modification on Tuesday to produce additional Terminal High Altitude Area Defense (THAAD) interceptors for the U.S. and Saudi Arabia. A contract announcement said this modification is exercising an option under an earlier contract for production of THAAD interceptors and associated one-shot devices to support the U.S. and Saudi Arabia Foreign Military Sales (FMS). The interceptors and one-shot devices will be procured under fixed-price incentive firm target contract line…

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