Lockheed Martin strikes $35B deal to restock depleted THAAD interceptor stockpile


The Pentagon has awarded Lockheed Martin a seven-year contract worth up to $35 billion to produce hundreds of Terminal High Altitude Area Defense (THAAD) interceptors a year, in an effort to replenish the depleted US munitions stockpile. The award, announced Wednesday, means Lockheed will receive an initial $842.9 million, according to the Missile Defense Agency…

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