Lockheed Martin on Friday received more than $14.2 million for support for Terminal High Altitude Area Defense missile systems, including theater support as a new deployment on the Korean peninsula starts. The contract modification, announced Friday, increases funding from an existing contract to cover logistics performance requirements, forward stationing for theater support, logistics information, and other services. Last week, the US delivered the first elements of a THAAD system to South Korea in response to repeated missile tests by North Korea.
Defense Industry: Want Surge Capacity? Pay For It.
Feb. 28, 2025
If the Pentagon wants the U.S. defense industrial base to be able to surge production of munitions and more, those details should be included in requirements and contracts and paid for, industry leaders told lawmakers this week.