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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Lockheed Martin Corp Wins $2 Billion U.S. Missile Interceptor Deal-Reuters

Tuesday, 5 Jun 2012 05:39am EDT 

Reuters reported that Lockheed Martin Corp has won a preliminary contract valued at up to $2.02 billion to build at least 42 interceptor missiles for the U.S. military's missile defense agency. The contract for the Terminal High Altitude Area Defense (THAAD), which must still be finalized with the Company, runs through July 31, 2018, according to the Defense Department. The Pentagon's Missile Defense Agency said it would combine the order for a third and fourth batch of THAAD interceptor missiles with a foreign military sale of 96 interceptors to the United Arab Emirates to generate cost savings. 

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