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Big Investment
January 27, 2018![](https://www.c4defence.com/wp-content/uploads/2018/01/1989f112-028a-486d-a67a-a251fb3d9f91-1.jpg)
SSÄ°K Meeting Expected Tomorrow
January 30, 2018$500 Million Contract for THAAD
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Lockheed Martin has been awarded a modification contract for additional Lot 10 Terminal High Altitude Area Defense (THAAD) interceptors on 26 January, increasing the initial contract value to approximately $1,3 billion. Work under the contract is expected to be completed by 25 June 2021.
Terminal High Altitude Area Defense (THAAD) is a transportable system that intercepts ballistic missiles inside or outside the atmosphere during their terminal phase of flight.Â