Home / Contract Awards / Lockheed THAAD Missile Defense System Support IDIQ Ceiling Increases to $2.3B

Lockheed THAAD Missile Defense System Support IDIQ Ceiling Increases to $2.3B

Lockheed Martin (NYSE: LMT) has received an $830.6M contract option from the Missile Defense Agency to continue developing a key element of the Terminal High Altitude Area Defense system.

The company will develop additional THAAD increments, support ground and flight testing operations and help the agency sustain the Ballistic Missile Defense System, the Department of Defense said Thursday.

The exercised option brings the total ceiling value of a previously awarded indefinite-delivery/indefinite-quantity contract from $1.50B to $2.33B.

Work will take place in Sunnyvale, Calif., and Huntsville, Ala.

MDA will establish completion dates with each subsequent task order.

Check Also

Air Force Seeks Info on E-4B Airborne Ops Center Aircraft Replacement Program

The Air Force has issued a presolicitation notice to seek information on a new aircraft to replace its fleet of legacy E-4B National Airborne Operations Center planes. A notice posted Wednesday on beta SAM website says the proposed Survivable Airborne Operations Center Weapon System aircraft will be a key National Military Command System component in support of the president, defense secretary and the Joint Chiefs of Staff.

Navy Contingency Construction IDIQ Modification Increases Contract Value to $1.2B

The U.S. Navy has awarded four companies a $92M modification that increases the potential value of an indefinite-delivery/indefinite-quantity contract for global contingency construction services to $1.24B. AECOM's (NYSE: ACM) URS subsidiary, Jacobs Engineering Group's (NYSE: JEC) CH2M business, KBR (NYSE: KBR) and Environmental Chemical Corp. hold positions on the IDIQ.