Lockheed Martin Awarded $2.8 B THAAD Development Contract



The Missile Defense Agency (MDA) awarded Lockheed Martin a follow-on development contract for the Terminal High Altitude Area Defense (THAAD) Weapon System. This indefinite delivery/indefinite quantity contract supports the continued development of the THAAD Weapon System’s capabilities over the next five years — with two options to extend — for a period of performance of up to 10 years. The contract has a ceiling value of $2.8 billion if both options are exercised. This development advances THAAD’s capabilities against increasingly complex missile threats.

“The combat-proven THAAD interceptor is an effective deterrent against a range of ballistic missile threats, and we are pleased to continue advancing its capabilities for our current and future customers,” said Dan Nimblett, vice president, Upper Tier Integrated Air and Missile Defense at Lockheed Martin Missiles and Fire Control. “THAAD is a key part of our missile defense architecture, and this vote of confidence from the MDA reinforces our commitment to jointly delivering enhanced defensive capability against emerging missile threats.”



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