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Lockheed Martin Wins THAAD Field Support Contract

April 23, 2010
By Henry Kenyon

Lockheed Martin has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract, with initial funding of $25.7 million, to support the U.S. Army's fielding of the Terminal High Altitude Area Defense (THAAD) weapon system. The IDIQ contract consists of a four-year basic contract with five additional one-year options. The total maximum contract value is $435 million through 2019.