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Saudi Arabia to receive THAAD interceptors

25th March 2020 - 13:00 GMT | by The Shephard News Team

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Lockheed Martin has secured a $932.83 million contract modification, including $605.34 million in FMS funding, to provide Terminal High Altitude Area Defense (THAAD) interceptors and one-shot devices for the US and Saudi Arabia.

Work is expected to be completed by April 2026. It will be performed at locations in Alabama, Arkansas, California and Texas. The contracting activity is the Missile Defense Agency.

The modification brings the total cumulative value of the contract to $6.23 billion.

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