Lockheed Martin secured a seven-year U.S. government contract valued at up to $35 billion. This agreement funds the expansion of Terminal High Altitude Area Defense (THAAD) missile interceptor production. The award aims to quadruple the annual output of the defense system.
The deal converts a previous framework agreement into a committed, long-term procurement plan. It represents one of the first major multiyear awards under the Department of War’s new Acquisition Transformation Strategy.
This contract provides a long-term demand signal for Lockheed Martin and its supply chain to invest in capacity. The THAAD system serves as a key component of America’s multi-layered missile defense architecture.
Increased production will replenish U.S. stockpiles and meet growing demand from allied nations. The agreement solidifies the role of Lockheed Martin’s Missiles and Fire Control segment in defense modernization.