Lockheed Martin has clinched two contracts totaling $4.7 billion to manufacture cutting-edge radar and air defense systems for the US and allied nations.
One of the contracts requires the American firm to produce Terminal High Altitude Area Defense (THAAD) interceptors and associated devices for the US military and Saudi Arabia.
According to Lockheed, the THAAD system provides a critical capability to defend against short- and medium-range ballistic missiles.
The $1.43-billion agreement will follow foreign military sales case requirements and has an expected completion date of August 2027.
The other contract requires Lockheed Martin to build AN/TPQ-53 radar systems for unidentified US allies under a $3.26 billion agreement.
The solid-state radar system can detect, classify, and track the location of indirect enemy fire.
Work is expected to be complete by March 2027.
