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Lockheed Martin’s International THAAD Sale Likely To Lower U.S. Costs

Monday, January 16th, 2012

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Lockheed Martin’s [LMT] Terminal High Altitude Area Defense (THAAD) sale to the United Arab Emirates (UAE) will make the system more affordable for the U.S. military as budgets tighten, company officials said. Lockheed Martin THAAD Vice President and Program Manager Tom McGrath said the company looks forward to adding on foreign sales to future U.S. procurement, which “will increase our production rates and make the program more sustainable over the years to come.” This makes interceptor cost more affordable for…

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