MDA awards Lockheed $1.4B for Saudi-bound THAAD interceptors

By Jason Sherman / July 22, 2019 at 2:19 PM
The Missile Defense Agency has awarded Lockheed Martin a $1.4 billion contract for production of Terminal High Altitude Area Defense interceptors on behalf of Saudi Arabia, a major down payment toward a planned $15 billion acquisition by the desert kingdom of seven THAAD batteries. On July 19, MDA obligated $340 million on behalf of Riyadh to Lockheed Martin Missiles and Fire Control in Dallas, TX, as part of a $1.4 billion firm-fixed-price contract modification that allows the Saudis to piggyback...

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