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11:27 AM, March 5, 2019
Lockheed Martin to Supply THAAD Defense Systems to Saudi Arabia for $946 Million
THAAD Battery (Image: Lockheed Martin)

Lockheed Martin has won a $946 million contract to supply Terminal High Altitude Area Defense (THAAD) systems to the Kingdom of Saudi Arabia (KSA).

Under this undefinitized contract action, Lockheed Martin will provide THAAD FMS KSA Phase I long lead items, obsolescence, tooling and test equipment, key personnel, line requalification activities, initial training development, System Integration Lab and testbeds, three-level maintenance concept, exportability, and early engineering development, the US Missile Defense Agency said in a statement Monday.

The performance period is from Feb. 28, 2019, through Oct. 31, 2026.

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