Lockheed Martin receives a Pentagon contract to manufacture THAAD
- April 2, 2019
Lockheed Martin has received a $2.4 billion Pentagon contract to provide Terminal High Altitude Area Defence (THAAD) interceptors to Saudi Arabia.
In November 2018, Saudi Arabia signed a letter of offer and acceptance with the United States for the purchase of Lockheed Martin’s THAAD missile defence system.
The Pentagon said the Saudi government would pay $1.5 billion of the $2.4 billion.
Lockheed Martin builds and integrates the THAAD system, which is designed to shoot down short-, medium- and intermediate-range ballistic missiles.
The THAAD element provides a globally-transportable, rapidly-deployable capability to intercept ballistic missiles inside or outside the atmosphere during their final, or terminal, phase of flight. THAAD is strictly a defensive weapon system. The system uses hit-to-kill technology where kinetic energy destroys the incoming target.