MDA awards Lockheed nearly $1B THAAD contract for Army, Saudi Arabia

By Jason Sherman / March 26, 2020 at 4:12 PM
The Missile Defense Agency has awarded Lockheed Martin a $932 million contract for Terminal High Altitude Area Defense interceptors in a deal to finance procurement with Saudi Arabia, which is responsible for the bulk of the purchase. On March 24, MDA awarded Lockheed Martin Missiles and Fire Control in Dallas, TX, a $932 million contract modification for THAAD interceptors, raising the value of the contract from $5.3 billion to $6.3 billion. The Saudi Arabia paid $605 million and MDA, on...

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