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

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Lockheed Martin Corporation won a contract bringing the total value of its Terminal High Altitude Area Defense (THAAD) development and support services for the... 01.02.2017, Sputnik International

2017-02-01T02:46+0000

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

02:46 GMT 01.02.2017 (Updated: 11:31 GMT 06.08.2022)

Two Terminal High Altitude Area Defense (THAAD) interceptors are launched during a successful intercept test. - Sputnik International

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 US Army's Terminal High Altitude Area Defense (THAAD) interceptor, coming soon to South Korea. - Sputnik International

Asia

THAAD vs Cosmetics: China's Retaliation Concerns Over MD Dispute With Seoul

11 January 2017, 16:15 GMT

WASHINGTON (Sputnik) — 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.