Lockheed Martin receives contract to continue development THAAD air defence missile system 2703122.

Defense Industry News - Lockheed Martin

Defence Company of United States Lockheed Martin [NYSE:LMT] received a $66 million follow-on contract from the Missile Defense Agency to continue development of the highly successful Terminal High Altitude Area Defense (THAAD) Weapon System.

“With the successful completion of the Engineering and Manufacturing Development program anticipated later this year, this ACD contract allows Lockheed Martin to continue required upgrades to the weapon system and support increasingly difficult flight test missions,” said Mat Joyce, Lockheed Martin THAAD vice president and program manager.

Since 2005, the THAAD program has successfully completed 12 flight tests, with nine-for-nine intercepts. The latest mission was an operational test conducted at the Pacific Missile Range Facility in Kauai, Hawaii, by THAAD soldiers from Alpha-4 (A-4), 11th Air Defense Artillery Imperial Brigade of the 32nd Army Air and Missile Defense Command. During that mission, two THAAD interceptors destroyed two different targets.