Lockheed Martin Corp.’s industrial site in Camden is likely to be apportioned a significant amount of work from the Pentagon’s nearly $1 billion contract to provide so-called THAAD missiles to Saudi Arabia, part of the Trump administration’s controversial multi-billion dollar arms deal with the Middle Eastern ally.
According to details of the U.S. Department of Defense’s bid specifications released on Monday (March 4), Lockheed Martin’s Missiles and Fire Control (MFC) division in Dallas was awarded a non-competitive hybrid contract under the Pentagon’s Foreign Military Sale (FMS) to the Kingdom of Saudi Arabia.
The total estimated value of this undefined contract is $945.9 million, under which the nation’s largest defense contractor will provide Terminal High Altitude Area Defense (THAAD) for Saudi Arabia’s fledgling Phase I missile defense program.
