Lockheed Martin Corp was awarded a $2.4 billion Pentagon contract on Monday for ...
FILE PHOTO: Lockheed Martin's THAAD missile model is displayed during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo
WASHINGTON - Lockheed Martin Corp was awarded a $2.4 billion Pentagon contract on Monday for THAAD interceptor missiles, some of which are slated to be delivered to the Kingdom of Saudi Arabia.In November, Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabia’s purchase of 44 Terminal High Altitude Area Defense launchers, missiles and related equipment.
As a part of the scope of work outlined by the Pentagon, obsolete systems currently in place will be updated to prepare the current Saudi missile defense infrastructure for the new THAAD technology. Reporting by Mike Stone; writing by Nick Zieminski; editing by Bill Berkrot, Leslie Adler and Sonya Hepinstall
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