Lockheed Martin (LMT) was awarded a $2.06B modification to a previously awarded contract for the production of Terminal High Altitude Area Defense Interceptors to support the U.S. government. The total value of this contract is increased from $8.35B to $10.42B. Under this modification, the contractor will produce THAAD components under fixed-price incentive contract line-item numbers. The work has an expected completion date Dec. 1, 2029. One offer was solicited, and one offer was received. Fiscal 2024 and fiscal 2025 procurement funds in the amount of $284.92M are being obligated at time of award. The Missile Defense Agency is the contracting activity.
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