Global defense firm, Lockheed Martin, has been awarded a $1.48 billion contract to build the Terminal High Altitude Area Defense (THAAD) missile system for Saudi Arabia, the Pentagon said on Friday.
The total value of the contract increased to $5.36 billion from $3.89 billion after the awarding, the Pentagon added.
The new contract was a modification to a previously awarded agreement to produce the THAAD interceptor for Saudi Arabia.
The latest contract is for interceptor support items in support of the Foreign Military Sales (FMS) case.
In November 2018, Saudi and US officials signed letters of offer and acceptance formalizing terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}