Lockheed Martin wins up to $35.3B THAAD contract to quadruple interceptor output over seven years
On June 24, 2026, the US government awarded Lockheed Martin a seven-year undefinitized contract action worth up to $35 billion (reported $35.3B) to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors. The award implements a Jan. 29, 2026 framework agreement and targets roughly 450 operational interceptors by 2030.