The Defense Department has awarded Lockheed Martin a potential $2.8 billion, 10-year-long contract to continue adding advanced capabilities to the Terminal High Altitude Area Defense system, including development of the next iteration of improvements -- THAAD System Build 6.0 -- slated for completion in 2027 as well as yet-to-be-defined follow-on enhancements. On Jan. 31, the Missile Defense Agency announced terms of the indefinite-delivery/indefinite-quantity deal to extend work on a previous long-term Advanced Capabilities Development contract that expired at the end...
