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Thursday, March 31, 2011
Lockheed Martin Awarded $789.8 Million THAAD Production Contract
Lockheed Martin has received a production contract totaling $789.8 million to produce the Terminal High Altitude Area Defense (THAAD) Weapon System for the Missile Defense Agency.
The contract includes $694.9 million and for the production of 48 THAAD interceptors, six THAAD launchers, four fire control units and additional support equipment.
An option for additional launchers in the amount of $94.8 million was also award for a total value of $789.8 million.
These components will be employed by THAAD Batteries 3 and 4 for the U.S. Army. Delivery to Batteries 3 and 4 will be completed in 2013.
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