MDA awards Lockheed Martin $459 Million THAAD interceptor contract

BETHESDA, Md. Lockheed Martin has won The Missile Defense Agency (MDA) has awarded Lockheed Martin a $459 million contract modification for production and delivery of interceptors for the Terminal High Altitude Area Defense (THAAD) weapon system; the modification brings the total contract value to $1.28 billion, with funding provided in 2017 and 2018.

, one of the elements of the U.S. Ballistic Missile Defense System (BMDS), was designed to protect America's , allied forces, citizen population centers, and critical infrastructure from short-, medium- and intermediate-range ballistic missile attacks. The weapon system uses what calls it "hit-to-kill" technology, or technology that uses to hit a target head-on, completely destroying the threat and keeping dangerous debris away from protected areas.

The THAAD system is rapidly deployable, mobile, and interoperable with all other BMDS elements, including Patriot/PAC-3, Aegis, forward-based sensors, and the military's Command, Control, Battle Management and Communications system.

The U.S. Army activated the seventh THAAD battery in December 2016; Lockheed Martin delivered its 200th THAAD interceptor in September of 2017.

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