Lockheed bags UAE missile deal

4 January 2012: Lockheed Martin has won a contract totaling $1.96 billion (approx Rs.10,448 crore) to produce the Terminal High Altitude Area Defense (Thaad) weapon system for the UAE. The contract is the first Foreign Military Sale (FMS) of the Thaad Weapon System and includes the production of two Thaad Weapon Systems and additional maintenance and support equipment.

Thaad interceptors are produced at Lockheed Martin’s Pike County Facility in Troy, Alabama.  The launchers and fire control units are produced at the company’s Camden, Arkansas, facility. The company is currently under contract for four Thaad batteries for the US Army. A contract for the delivery of the first two US Army batteries was awarded to Lockheed Martin in late 2006.

Source: Trade Arabia