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Lockheed Martin Wins First $946 Million In Saudi THAAD Sale

Tuesday, March 5th, 2019

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Lockheed Martin Wins First $946 Million In Saudi THAAD Sale

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 $946 million undefinitized contract action for the first part of a Terminal High Altitude Area Defense (THAAD) sale to Saudi Arabia. The award, announced Monday, is a non-competitive hybrid contract line item numbers type award under the $15 billion Foreign Military Sale (FMS) of THAAD. The State Department approved the THAAD sale in 2017. The original Saudi request included 44 THAAD launchers, 360 interceptor missiles, 16 fire control and communications…

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