U.S. Missile Defense Agency Signs a $2.8 Billion THAAD Missile Defense Contract with Lockheed Martin

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U.S. Missile Defense Agency Signs a $2.8 Billion THAAD Missile Defense Contract with Lockheed Martin

The U.S. Missile Defense Agency (MDA) has awarded Lockheed Martin a contract worth up to $2.81 billion for continuing development of the Terminal High Altitude Area Defense (THAAD) system. This indefinite-delivery/indefinite-quantity (IDIQ) contract will enhance THAAD’s ability to counter evolving missile threats. The agreement spans five years, with options to extend for up to 10 years. If fully executed, the contract will reach its $2.8 billio…