Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has received a contract modification for Terminal High Altitude Area Defense (THAAD) development and support services.
The modification, announced Friday by the U.S. Department of Defense, is worth more than $911 million.
“This modification brings the total maximum ceiling value of this contract from $2,335,000,000 to $3,246,765,000,” the DoD said in a statement. “This modification provides for the extension of the period of performance for additional incremental development, support to flight and ground test programs and responsive support to warfighter requirements to sustain the Ballistic Missile Defense System throughout the acquisition life cycle.”
THAAD is the U.S. Army’s most capable and most lethal air missile defense system. This is highly effective at defending against a host of ballistic missile threats to include mass raid scenarios. The system uses hit-to-kill technology to destroy a threat with direct impact neutralizing lethal payloads before they reach protected assets on the ground. The system is rapidly deployable, mobile and interoperable with all other Ballistic Missile Defense System (BMDS) elements, including Patriot/PAC-3, Aegis, forward-based sensors and the Command, Control, Battle Management and Communications system.