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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…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]