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  • Friday, November 22, 2024

Missile Defense Agency Orders $74M Lockheed THAAD Weapon Set

Lockheed Martin (NYSE: LMT) has secured a $74 million contract from the Missile Defense Agency to produce the U.S. government’s eighth Terminal High Altitude Area Defense battery.

The company said Thursday it expects MDA to deploy the additional weapon system by 2025 to help defend against ballistic missile threats.

The U.S. Army first activated a THAAD battery in May 2008 and fielded the seventh set in December 2016.

Dan Nimblett, vice president of upper-tier integrated air and missile defense at Lockheed’s missiles and fire control business, said the system has completed “16 successful flight test intercepts.”

THAAD is designed with hit-to-kill technology that works to intercept and neutralize lethal payloads before they hit their targets, according to Lockheed.

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