Our Bureau
02:09 PM, September 23, 2013

Lockheed Martin has been awarded a $3 billion contract for production of Terminal High Altitude Area Defense (THAAD) Interceptors to be delivered to the UAE.

The deliveries will begin in 2015 and complete in 2019. It includes the manufacturing and delivery of a maximum 110 USG Interceptors pending execution of all options, 192 FMS THAAD Interceptors, 16 FMS Single Missile Round Containers, and 16 FMS THAAD Active Leak Sensor Systems.

Fiscal 2012 and 2013 procurement funds in the amount of $862 million and Foreign Military Sales (FMS) case funds in the amount of $2 billion will fund this award.

In addition, this award includes a fiscal 2014 priced option for the U.S. goverment for the maximum amount of $352 million to be exercised no later than Dec. 31, 2013. 

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