LMT Wins $35B Contract
Lockheed Martin wins a seven-year contract for up to $35 billion to quadruple production of THAAD interceptors
Today, the U.S. government awarded Lockheed Martin (NYSE: LMT ) a seven-year undefinitized contract action (UCA) for up to $35 billion to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors.
The award is one of the first major multiyear procurement contracts executed under the Department of War's Acquisition Transformation Strategy and represents one of the first full-scale transitions from framework agreement to contract execution under the initiative.
It demonstrates Lockheed Martin's commitment to building the Arsenal of Freedom.