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  • Friday, April 26, 2024

Lockheed to Help Maintain UAE THAAD Weapon System Under $255M MDA Contract

Lockheed Martin (NYSE: LMT) has received a five-year, $254.7M contract from the Missile Defense Agency to maintain two batteries for the United Arab Emirates’ Terminal High Altitude Area Defense system.

The company’s space business will also manage logistics and associated product database, develop software, provide training, conduct field surveillance, repair assets and perform engineering services, the Department of Defense said Friday.

Work under the follow-on foreign military sales contract will run through Jan. 14, 2026, and take place at various locations in Alabama, Arkansas, California and Texas.

The THAAD is designed to counter ballistic missile threats that strike in short, medium and intermediate-ranges, according to Lockheed.

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