Lockheed Martin wins THAAD weapon system contract

US aerospace and defence company Lockheed Martin received a contract totalling $1.96bn (£1.27bn) to produce the Terminal High Altitude Area Defense (THAAD) Weapon System for the Missile Defense Agency and the United Arab Emirates.

The contract is the first Foreign Military Sale (FMS) of the THAAD Weapon System and includes the production of two THAAD Weapon Systems and additional maintenance and support equipment.

THAAD interceptors are produced at Lockheed Martin’s Pike County Facility in Troy, Ala.

The launchers and fire control units are produced at the company’s Camden, Arkansas, facility.