Lockheed Martin strikes $35B deal to restock depleted THAAD interceptor stockpile

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Lockheed Martin has secured a $35 billion contract over seven years to replenish the Pentagon's depleted THAAD interceptor stockpile. This major defense deal aims to boost U.S. missile defense capabilities significantly.

The Pentagon has awarded Lockheed Martin a seven-year contract worth up to $35 billion to churn out hundreds of Terminal High Altitude Area Defense (THAAD) interceptors a year, in an effort to replenish dwindling U.S. munitions stockpiles. Announced Wednesday, the award means Lockheed will receive an initial $842.9 million, according to the Missile Defense Agency…