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Lockheed Martin Wins Another $1.47 Billion For Saudi THAAD Support

Monday, July 22nd, 2019

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Lockheed Martin Wins Another $1.47 Billion For Saudi THAAD Support

A Terminal High Altitude Area Defense (THAAD) battery fires an interceptor missile. (Photo: Lockheed Martin)

The Missile Defense Agency (MDA) on Friday awarded Lockheed Martin [LMT] another $1.47 billion modification to procure Terminal High Altitude Area Defense (THAAD) interceptor support items for Foreign Military Sales (FMS) to Saudi Arabia. The July 19 contract increases the total contract value from $3.89 billion to $5.36 billion total. The performance period will last from this month through July 2023. Saudi funds of $341 million were obligated at award time. The announcement said one offer was solicited and one…

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