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Lockheed Martin Nabs $1.46 Billion For U.S. And Saudi THAAD Interceptors, Pushes Total To Almost $4 Billion

Monday, April 1st, 2019

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Lockheed Martin Nabs $1.46 Billion For U.S. And Saudi THAAD Interceptors, Pushes Total To Almost $4 Billion

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 $2.46 billion modification on Monday to produce Terminal High Altitude Area Defense (THAAD) interceptors for the U.S. and Saudi Arabia, raising the total contract value to nearly $4 billion. This award will procure THAAD interceptors and associated one-shot devices under fixed-price incentive contract line items and increase the total contract from $1.4 billion to $3.9 billion. The announcement did not disclose specific numbers of interceptors or devices in the sale.…

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