Wednesday, February 1, 2017

US Missile Defense Agency Ups Lockheed THAAD Contract to $1.3Bln

Lockheed Martin Corporation won a contract bringing the total value of its Terminal High Altitude Area Defense (THAAD) development and support services for the US Missile Defense Agency (MDA) to $1.3 billion, the Department of Defense said in a press release.

The defense manufacturer was awarded a $345.5 million modification for an existing contract for THAAD element development and support service, the MDA stated on Tuesday.

The modification brings the total maximum value of the contract to $1.3 billion, the Defense Department noted.

“This modification provides for… additional incremental development, support to flight and ground test programs, and responsive support to warfighter requirements to sustain the Ballistic Missile Defense System,” the contract added.

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