Lockheed awarded $1.48 billion Saudi missile defence contract: Pentagon

The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defence interceptor for Saudi Arabia

Lockheed Martin, Lockheed, F-16 fighter jets, F-16 — Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016 (File Photo: Reuters)

Reuters Washington

1 min read Last Updated : Jul 21 2019 | 2:43 AM IST

Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defence system for Saudi Arabia, the Pentagon said on Friday.

The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defence interceptor for Saudi Arabia, the Pentagon said. The new agreement brings the total value of the THAAD deal to $5.36 billion, it said.

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