WASHINGTON (Sputnik) — The defense giant has received a more than a quarter of a billion dollar contract to supply the US Missile Defense Agency with more Terminal High Altitude Area Defense (THAAD) interceptors, according to the press release.
“Lockheed Martin Corp. Missiles and Fire Control, Dallas, Texas, was awarded a $273,470,000 sole-source, fixed-price incentive, undefinitized contract for the Missile Defense Agency Terminal High Altitude Area Defense Lot 9 Interceptors,” the release stated on Tuesday.
Lockheed Martin also won a $11 million foreign military sales contract to supply ground components for the United Arab Emirates (UAE) THAAD system.
The contract raises the total value of the THAAD systems and components purchased by the UAE from $429.2 million to $441 million, thed epartment noted.
Under the contract, Lockheed Martin will supply the UAE with whatever ground component spares it needs for its THAAD systems, the announcement added.
THAAD is designed to intercept short, medium and intermediate ballistic missiles at the terminal incoming stage.
A THAAD battery consists of six truck-mounted launchers, 48 interceptors, a mobile control and communications center and an AN/TPY-2 radar.