Lockheed Martin Corp. has announced the US Department of Defense has awarded the company with an additional USD 911.7 million contract for incremental development and to support flight and ground test programs of the THAAD air-defense missile, the company said.
The additional contract boosts boosts total funding to USD 3.24 billion.
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.
The work will be performed at Sunnyvale, California; and Huntsville, Alabama. No funding is being obligated at the time of award.