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MDA Awards Lockheed Martin $2 Billion THAAD Inteceptor Contract

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The Missile Defense Agency awarded Lockheed Martin [LMT] a sole-source letter contract worth approximately $2 billion to provide at least 42 Terminal High-Altitude Area Defense (THAAD) interceptors, the Defense Department said recently. These interceptors are added to the current Undefinitized Contract Action (UCA) under the existing THAAD production contract (HQ0147-07-C-0196). DoD intends to combine this procurement with the Foreign Military Sale of 96 THAAD interceptors to the United Arab Emirates to gain synergy cost savings, MDA said. This UCA covers…

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