Lockheed Martin strikes $35B deal to restock depleted THAAD interceptor stockpile
AI disclosure
Summary
The Pentagon has awarded Lockheed Martin a seven-year contract worth up to $35 billion to churn out hundreds of Terminal High Altitude Area Defense (THAAD) interceptors a year, in an effort to replenish dwindling U.S. munitions stockpiles. Announced Wednesday, the award means Lockheed will receive an initial $842.9 million, according to the Missile Defense Agency…