Lockheed Martin Receives $66M THAAD Follow-on Development Contract

Lockheed Martin 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 Weapon System. The Advanced Capability Development contract is a five-year, Indefinite Delivery/Indefinite Quantity (ID/IQ) award. The initial task order provides three years of engineering technical services including: flight test planning, maintenance of laboratory capability, and execution of Ballistic Missile Defense System studies and threat assessments.