Lockheed Martin receives $459 million THAAD interceptor contract

The Missile Defense Agency (MDA) has awarded Lockheed Martin a $459 million contract modification for production and delivery of interceptors for the Terminal High Altitude Area Defense (THAAD) weapon system. The modification brings the total contract value to $1.28 billion with funding provided in 2017 and 2018. The new interceptors support U.S. Army THAAD units and growing operational requirements.

THAAD is part of the Ballistic Missile Defense System (BMDS) for protecting America's military, allied forces, citizen population centers, and critical infrastructure from short-, medium-, and intermediate-range ballistic missile attacks.

The THAAD system is rapidly deployable, mobile, and is interoperable with all other BMDS elements, including Patriot/PAC-3, Aegis, forward-based sensors and the command, control, battle management, and communications system.

The U.S. Army activated the seventh THAAD battery in December 2016. Lockheed Martin delivered the 200th THAAD interceptor in September 2017. The United Arab Emirates was the first international partner to procure THAAD with a contract awarded in 2011.