Lockheed Martin strikes $35B deal to restock depleted THAAD interceptor stockpile
The seven-year undefinitized contract action aims to quadruple THAAD interceptor output as part of a multiyear missile-defense procurement push, Lockheed Martin said.
- On Wednesday, the U.S. government awarded Lockheed Martin a seven-year undefinitized contract action for up to $35 billion to quadruple production of Terminal High Altitude Area Defense interceptors.
- This award represents the first major multiyear procurement contract executed under the Department of War's Acquisition Transformation Strategy, designed to strengthen America's Arsenal of Freedom.
- Lockheed Martin broke ground on a new Munitions Production Center in Troy, Alabama, as part of a more than $9 billion investment through 2030 to meet heightened munitions demand.
- In April, the U.S. government awarded Lockheed Martin a $4.7 billion contract to continue accelerated production of PAC-3 MSE, expanding the defense industrial base.
- Tim Cahill, president of Lockheed Martin Missiles and Fire Control, said the award reflects a "shared vision" with the Department of War to strengthen America's Arsenal of Freedom.
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Why Lockheed Martin Stock Just Popped
Key PointsLockheed Martin just locked in $43.5 billion in new defense contracts.Its share price has barely moved.10 stocks we like better than Lockheed Martin › Lockheed Martin (NYSE: LMT) stock jumped 2.8% through 1:15 p.m. ET Thursday on no obvious good news. No obvious good news today, that is to say. But if you scroll back just a couple of days through the defense contract announcements posted by the U.S. Department of Defense on its website…
Lockheed Martin strikes $35B deal to restock depleted THAAD interceptor stockpile
The Pentagon has awarded Lockheed Martin a seven-year contract worth up to $35 billion to churn out hundreds of Terminal High Altitude Area Defense (Thaad) interceptors a year, an effort to replenish dwindling U.S. munitions stockpiles.
US Burned Through Up to 80% of THAAD Missiles in Iran War: Now the Pentagon Is Spending $35B to Restock
The United States may have used as much as 80 per cent of its THAAD missile interceptors while defending Israel from Iran this spring. Now the Pentagon is paying to rebuild the stockpile. On Wednesday, 24 June, the Pentagon's Missile Defense Agency awarded Lockheed Martin a seven-year contract worth up to £26.3 billion ($35 billion) to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors, the system that knocks out ba…
Waterloo Cedar Falls Courier
$35 Billion THAAD Seven-Year Procurement Award Propels Acceleration of Critical Missile Defense Interceptor Production
DALLAS, June 24, 2026 /PRNewswire/ -- 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…
Lockheed Martin Awarded Up to $35B to Speed Production of Missile Defense Interceptors
Dallas Innovates, Every Day: Here's what's new + next in North Texas. America and Israel’s war with Iran has rapidly depleted the U.S. military’s stockpiles of critical missile interceptors. In a move to replenish that supply, Lockheed Martin (NYSE: LMT)—whose Missiles and Fire Control division is based in Grand Prairie, just west of Dallas—has been awarded a seven-year federal contract for up to $35 billion to quadruple production of Terminal H…
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