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Lockheed Wins Potential $514M THAAD Testing IDIQ

Lockheed Martin (NYSE: LMT) has won a potential $515.4 million Missile Defense Agency follow-on contract to develop and test upgrades for a missile defense system, the Defense Department has announced.

The indefinite-delivery/indefinite-quantity contract will field task orders for work on the Terminal High Altitude Area Defense system, including:

  • flight and ground testing
  • communications upgrades
  • spiral development

The ordering period is from Feb. 1, 2012 through Jan. 31, 2017.

Work will be performed in Huntsville, Ala. and Sunnyvale, Calif.

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