Lockheed Awarded $912M US THAAD Contract
Lockheed Martin has won a $912 million modification contract for Terminal High Altitude Area Defense (THAAD) element development and support services.
The contract brings the total maximum ceiling value of this contract from $2.34 billion to $3.25 billion. It provides for the extension of the period of performance for additional incremental development, support to flight and ground test programs and responsive support to warfighter requirements to sustain the Ballistic Missile Defense System throughout the acquisition life cycle.
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