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.
More from Defence Notes
-
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.