Pentagon Awards $2.4Bn to Build THAAD Anti-Missile Interceptors for Saudi Arabia

WASHINGTON (Sputnik) - Lockheed Martin has received a more than $2.4 billion contract from the US Missile Defence Agency (MDA) to provide Terminal High Altitude Area Defence (THAAD) interceptors to Saudi Arabia, the US Department of Defence said in a press release.

"Lockheed Martin Corporation Missiles and Fire Control [of] Dallas, Texas is being awarded a $2,457,390,566 modification… contract for the production of THAAD interceptors… to support the US government and the Kingdom of Saudi Arabia," the release said on Monday.

In November 2018, Saudi Arabia signed a letter of offer and acceptance with the United States for the purchase of the THAAD missile defence system. The $15 billion deal was seen as paving the way for the sale of 44 THAAD launchers, missiles and equipment.

READ MORE: Lockheed Martin Wins $945Mln Contract to Provide THAAD System to Saudi Arabia