Lockheed Martin gains more THAAD work
Lockheed Martin has received a $911.77 million contract modification from the US Missile Defense Agency for THAAD element development and support services.
This raises the total maximum ceiling value of the THAAD contract to $3.25 billion.
The modification extends the period of performance for additional incremental development, support for flight and ground test programmes ‘and responsive support to warfighter requirements to sustain the Ballistic Missile Defense System throughout the acquisition life cycle’, the DoD announced on 28 August.
Expected completion dates will be established under subsequent task order awards.
Lockheed Martin will carry out the work at its facilities in Sunnyvale, California and Huntsville, Alabama.
The contract was awarded almost a year to the day after Lockheed Martin announced a successful demonstration of a remote launch capability for the THAAD missile defence system.
Shephard Defence Insight notes that THAAD and Patriot systems are expected to work together by the end of 2020 as a result of accelerating operational needs on the Korean Peninsula.
As part of our promise to deliver comprehensive coverage to our Defence Insight and Premium News subscribers, our curated defence news content provides the latest industry updates, contract awards and programme milestones.
Related Programmes in Defence Insight
THAAD (Terminal High Altitude Area Defense) (RDT&E)
Related Equipment in Defence Insight
More from Defence Notes
-
![Rheinmetall sales up by almost a quarter on wave of German spending]()
Rheinmetall sales up by almost a quarter on wave of German spending
Germany’s Rheinmetall released its 1H 2025 results on 7 August, continuing the strong growth of recent years. A particular highlight of the result’s presentation was the Skyranger air defence system for which the company is predicting sales of about US$8.2 billion from the German Government before the end of the year.
-
![Defence companies continue to ride procurement wave]()
Defence companies continue to ride procurement wave
Vehicle and technology companies are reporting substantial growth compared to the first half of 2024. Italy’s Fincantieri saw revenues jump 24% for the first half of the year compared to 2024 and Thales up 6.8% for the same period. General Dynamics reported second quarter revenue growth of 8.9% for the second quarter compared to last year and MilDef reported organic order intake growth of 58%.
-
![Singapore plots a way forward with new technology and formation reform]()
Singapore plots a way forward with new technology and formation reform
Singapore spends about 3.5% of GDP on defence and the section’s budget sits on high on the proportion of national spending. The country is investing in uncrewed technology, medium- and long-range fires and new submarines and ships with the hunt also on for new maritime patrol aircraft.
-
![World Defense Show promises bigger and better event for 2026]()
World Defense Show promises bigger and better event for 2026
At this year's IDEF in Istanbul, Shephard spoke to World Defense Show (WDS) CEO Andrew Pearcey about his event's strategic role in Saudi Arabia, its themes and new features for 2026 and how it has grown since its launch in 2022.
