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Lockheed Martin Continues THAAD Weapon System Development

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Lockheed Martin [LMT] recently said it received a $66 million follow-on contract from the Missile Defense Agency (MDA) to continue development of the Terminal High Altitude Area Defense (THAAD) Weapon System. The contract, an Advanced Capability Development contract, is a five-year, indefinite delivery/indefinite quantity (IDIQ) award. The initial task order provides three years of engineering technical services including flight test planning, maintenance of lab capability and executing Ballistic Missile Defense System studies and threat assessments. “With the successful completion of…

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