Wait, don't miss out on the latest GovCon industry news!

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

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later
THAAD

Lockheed to Extend THAAD Support Services Under $912M MDA IDIQ Modification

Lockheed Martin (NYSE: LMT) has secured a $911.8M contract modification from the Missile Defense Agency to provide additional development and testing support for the Terminal High Altitude Area Defense system.

The company will help MDA conduct ground and flight tests of THAAD and manage the acquisition life cycle of the country's ballistic missile defense system, the Department of Defense said Friday.

MDA will provide completion schedules through the award of subsequent task orders.

The modification increases the ceiling value of the initial indefinite-delivery/indefinite-quantity contract from $2.33B to $3.25B.

THAAD is designed to intercept short and medium-range missiles using the system's hit to kill technology, according to Lockheed.

GovCon Wire Logo

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

Related Articles