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Tag Archives: Terminal High Altitude Area Defense

Lockheed to Produce Additional THAAD Interceptors Under $145M MDA Contract Modification

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a $145.3 million contract modification from the Missile Defense Agency to manufacture additional  Terminal High Altitude Area Defense systems. The modification increases the contract’s potential value to $1.4 billion and covers the production of lot 10 THAAD interceptors, one-shot devices …

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Lockheed Gets $459M MDA Contract Modification to Produce Additional Lot 10 THAAD Interceptors

Lockheed Martin (NYSE: LMT) has secured a potential $459.2 million contract modification from the Missile Defense Agency to manufacture additional Lot 10 Terminal High Altitude Area Defense interceptor systems. The Defense Department said Friday the modification exercises an option under a previously awarded contract and will include the delivery of …

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Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal

Lockheed Martin (NYSE: LMT) has secured a potential $1.6 billion order to perform upgrades to the United Arab Emirates’ F-16 fighter aircraft, The National reported Sunday. The report said UAE’s armed forces entered numerous defense deals with U.S. companies, which include an agreement for Lockheed to modernize 80 F-16s. Lockheed CEO …

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State Dept Clears $15B Sale of THAAD Missile Defense Systems, Equipment to Saudi Arabia

The State Department has approved a potential $15 billion foreign military sale of anti-ballistic missile defense systems, related equipment and support services to Saudi Arabia. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors on the sale, the Defense Security Cooperation Agency said Friday. The transaction covers the delivery …

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Report: Saudi Arabia, Lockheed Seal $6B Deal for Modified Littoral Combat Ships

Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as part …

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MDA Increases Lockheed THAAD Field Support IDIQ Ceiling by $112M

Lockheed Martin (NYSE: LMT) has received a potential $112.2 million contract modification from the Missile Defense Agency to continue to provide field support services for the Terminal High Altitude Area Defense system. The modification increases the ceiling value of a previously awarded indefinite delivery/indefinite quantity contract from $449 million to $561.2 million, the Defense Department said Thursday. …

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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 …

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US Begins Rollout of Lockheed-Built Missile Defense System in South Korea

TYSONS CORNER, VA, March 8, 2017 — The U.S. and South Korea have begun the deployment of the Lockheed Martin-manufactured (NYSE: LMT) Terminal High-Altitude Area Defense system in the Korean Peninsula to address potential missile threats from North Korea, Executive Gov reported Tuesday. Reuters reported Tuesday the THAAD system will work to intercept …

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Reuters: Japan Eyes $1B Ballistic Missile Defense Investment in Response to North Korea’s Rocket Tests

Japan looks to accelerate a $1 billion investment toward its ballistic missile defense systems in response to North Korea’s rocket tests that government personnel believe may lead to the future fielding of a medium-range missile, Reuters reported Monday. Nobuhiro Kubo and Tim Kelly write outlays on a budget request for the year include …

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Lockheed Lands $882M MDA Contract Modification for THAAD Missile Interceptors

Lockheed Martin (NYSE: LMT) has received a potential three-year, $882 million contract modification from the Missile Defense Agency to build 20 additional lot 8 interceptors for the Terminal High Altitude Area Defense platform. The company will also provide related production support services for MDA’s THAAD system under the fixed-price contract, …

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