Lockheed, Pentagon Ink Plan to Boost THAAD Interceptor Production
Lockheed Martin has signed an agreement with the Pentagon to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors over the next seven years. The deal, worth $4 billion, will allow THAAD interceptor production to grow from its current rate of 96 missiles a year to an annual rate of 400 interceptors.