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Lockheed Martin Receives $789 Million THAAD Production Contract

DDN

Thursday, March 31st, 2011

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By Ann Roosevelt Lockheed Martin [LMT] yesterday said it received a $789.8 million production contract to produce the Terminal High Altitude Area Defense (THAAD) Weapon System for the Missile Defense Agency (MDA). The contract includes $694.9 million for the production of 48 THAAD interceptors, six THAAD launchers, four fire control units and additional support equipment. Another $94.8 million is an option for additional launchers for the total value of $789.8 million. These components will be employed by Army THAAD Batteries…

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