Defense World

Lockheed Martin has won a $932.8 million contract for the production of Terminal High Altitude Area Defense (THAAD) interceptor missiles for the US Missile Defense Agency and the Kingdom of Saudi Arabia.

“Lockheed Martin Corp., Missiles and Fire Control, Dallas, Texas, is being awarded a $932.8 million modification contract to exercise an option for the production of Terminal High Altitude Area Defense (THAAD) interceptors and associated one-shot devices to support the US government (USG) and the Kingdom of Saudi Arabia (KSA) Foreign Military Sales (FMS) case requirements,” the Pentagon in a statement.

In July 2019, the company was awarded $1.47 billion to build THAAD missile defense system for Saudi Arabia. The contract, the Pentagon had said then, brought the total value of the deal to $ 5.4 billion.

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