Author: Matthew Nelson|| Date Published: March 25, 2020
Lockheed Martin (NYSE: LMT) has secured a six-year, $932.8M contract modification from the Missile Defense Agency to manufacture ballistic missile interceptors for the U.S. government and Saudi Arabia to fullfill a foreign military sales case requirement.
The company’s missiles and fire control unit will provide Terminal High Altitude Area Defense systems and one-shot devices under fixed-price incentive line items on a previously awarded contract, the Department of Defense said Tuesday.
DoD noted the modification brings the contract’s total value from $5.37B to $6.30B.
The U.S. will provide $327.4M in fiscal 2020 procurement funds and Saudi will allocate $605.3M in FMS funds for the award. DoD expects work to conclude by April 1, 2026.
THAAD is designed to work with other ballistic missile defense platforms and uses a hit-to-kill technology to counter short and medium ballistic missile threats.
Understanding how organizations can prepare for a Cybersecurity Maturity Model Certification, or CMMC, assessment often starts with structured road maps…
The Department of Transportation is undergoing rapid transformation under Transportation Secretary Sean Duffy. Since stepping into the role in January 2025, Duffy…
The Army Contracting Command-Aberdeen Proving Ground and the Capability Program Executive Enterprise Software and Service, formerly Program Executive Office Enterprise,…
LMI has been awarded a $100 million Small Business Innovation Research Phase III indefinite-delivery/indefinite-quantity contract to support life cycle logistics and…
