Lockheed clinches $2.4 billion deal for sale of THAAD missiles

April 2, 2019


WASHINGTON (Reuters) – Lockheed Martin Corp was awarded a $2.4 billion Pentagon contract on Monday for THAAD interceptor missiles, some of which are slated to be delivered to the Kingdom of Saudi Arabia.

Reuters had reported Lockheed was nearing the deal earlier on Monday.

In November, Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabia’s purchase of 44 Terminal High Altitude Area Defense launchers, missiles and related equipment.

The Pentagon said the Saudi government would pay $1.5 billion of the $2.4 billion.

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