Lockheed Martin Awarded Up to $35B to Speed Production of Missile Defense Interceptors (opens original article in a new tab)

Lockheed Martin received a $35 billion contract to increase THAAD missile interceptor production, aiming to bolster U.S. and allied missile defense capabilities amid regional conflicts.

• Lockheed Martin awarded up to $35B federal contract to quadruple THAAD interceptor production over seven years.
• THAAD system is designed to intercept ballistic missiles inside and outside the atmosphere, deployed in Persian Gulf during Operation Epic Fury.
• Contract accelerates production to strengthen defense industrial base and provide missile defense for U.S. and allies.
• Lockheed Martin also investing in new munitions facilities across the U.S. as part of $9B investment through 2030.