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Tag Archives: thaad

South Korea Leader Orders Probe of U.S. THAAD Additions

President Moon Jae-in of South Korea has ordered a probe after he says four additional U.S. THAAD anti-missile system launchers were brought into the country and the Defense Ministry failed to inform him. Four additional launchers were installed without informing the new government or the public, presidential spokesman Yoon Young-chan told media. …

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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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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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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 Wins $4B US, UAE Defense Missile Order

Lockheed Martin (NYSE: LMT) has won a $3, 920, 739, 507 contract modification from the U.S. Missile Defense Agency to produce missile defense equipment for the U.S. and to fulfill a foreign military sales agreement with the United Arab Emirates. The U.S. will acquire 110 Terminal High Altitude Area Defense interceptor missiles …

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Raytheon MDA X-Band Radar Contract Now $571M

Raytheon‘s (NYSE: RTN) contract to produce X-band missile defense radars for the Missile Defense Agency is now worth $571, 946, 872, the Defense Department said Thursday. The company won a $207, 922, 395 firm-fixed-price modification to build an AN/TPY-2 radar, three forward-based Prime Power Units and associated spares. According to …

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Lockheed Selects BAE to Make THAAD Seekers; Barry Yeadon Comments

BAE Systems has won $81 million in contract funds from Lockheed Martin (NYSE: LMT) to produce infrared seekers for a ballistic missile defense system, BAE announced Tuesday. BAE will produce 143 seekers for the Terminal High Altitude Area Defense program, for which Lockheed is the prime contractor (click here for our …

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