Home / Contract Awards / MDA Awards Lockheed $274M Contract to Build Lot 9 THAAD Interceptors

MDA Awards Lockheed $274M Contract to Build Lot 9 THAAD Interceptors

Lockheed Martin (NYSE: LMT) has landed a $273.5 million sole-source contract from the Missile Defense Agency to produce additional interceptors for the agency’s anti-ballistic missile system.

The Defense Department said Tuesday the contract covers the lot 9 production of interceptors, one-shot devices and associated production support services for the Terminal High Altitude Area Defense system.

THAAD is a key component of the Ballistic Missile Defense System and designed to take down ballistic missile threats inside or outside the atmosphere.

The platform consists of fire control, interceptors, launcher and radar systems that support deployments via air, land and sea transport.

MDA obligated $81.5 million in fiscal 2017 procurement funds at the time of award.

Lockheed’s missiles and fire control business will perform contract work in Alabama, Arkansas and Texas through March 31, 2020.

Check Also

Doug Magee Named Akima Support Operations President

Doug Magee, formerly senior vice president for business development at Comprehensive Health Services, has been …

Talbert Lands $360M Army Semitrailer Production Contract

Talbert Manufacturing has secured a potential five-year, $360.2M contract to produce  M872A4 semitrailers and related …