Lockheed Wins $66M THAAD Follow-On IDIQ

Lockheed Martin Corp. (NYSE: LMT) has won a $66 million follow-on contract from the U.S. Missile Defense Agency to continue developing an air and missile defense system.

The Bethesda, Md.-based contractor said it won the five-year, indefinite-delivery/indefinite-quantity contract to further develop the Terminal High Altitude Area Defense system.

Work under the new follow-on award includes three years of engineering technical services for flight test planning, laboratory maintenance, studies and threat assessments.

The company won a $514 million follow-on in February to conduct THAAD flight and ground testing.

THAAD has completed 12 flight tests since 2005, the latest occurring at the Kauai, Hawaii-based Pacific Missile Range Facility.

Soldiers from the 32nd Army Air and Missile Defense Command participated in the test.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it