The U.S. government recently awarded defense technology company Lockheed Martin with a seven-year undefinitized contract action for up to $35 billion to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors.
THAAD is the only U.S. system designed to intercept threats both in and outside the atmosphere. In January, Lockheed Martin and the Department of Defense signed a THAAD framework agreement to accelerate production capacity, strengthen the defense industrial base and quickly deliver critical missile defense capability for the United States and its allies.
“This award reflects our shared vision with the Department of War to strengthen America’s Arsenal of Freedom through a transformational shift to multiyear procurement,” Tim Cahill, Lockheed Martin Missiles and Fire Control president, said. “This new approach propels our efforts to strengthen the defense industrial base, expand production and deliver capabilities to the American warfighter at unprecedented speed and scale.”
Earlier this year, Lockheed Martin broke ground on a new Munitions Production Center in Troy, Ala. The facility is part of a more than $9 billion investment through 2030 to build or modernize more than 20 new facilities across the United States. A Next Generation Interceptor facility in Courtland, Ala., and the Munitions Acceleration Center in Camden, Ark., recently opened.