Lockheed wins up to ~$35.5B, seven-year THAAD interceptor production contract to quadruple output
The Pentagon’s Missile Defense Agency awarded Lockheed Martin a seven-year, undefinitized procurement contract valued at about $35.5 billion to produce Terminal High Altitude Area Defense (THAAD) interceptors. The award “puts in action” a January framework agreement aimed at quadrupling interceptor production rates.