What Happened
Lockheed Martin To Quadruple Missile Output In Biggest Interceptor Deal
The United States has signed its largest interceptor deal to date, awarding Lockheed Martin a $35 billion contract to quadruple production of THAAD missiles. The seven-year contract aims to increase production from 96 to 400 interceptors per year, with work to be carried out in multiple locations across the US. This move is seen as a response to depleted munition inventories following recent military operations, and may have significant implications for the defense industry and supply chain. The contract was reported by Lockheed Martin Newsroom.