THAAD production to quadruple after $35bn contract

The US government awarded Lockheed Martin a multiyear contract exceeding $35 billion to significantly increase Terminal High Altitude Area Defense interceptor production. Driven by lawmaker concerns regarding munitions stockpiles, the agreement aims to quadruple annual THAAD production, raising the output from 96 to 400 units. This strategic initiative focuses on expanding production capacity to ensure a more robust supply of interceptors, directly addressing critical defense requirements through this substantial financial investment in military infrastructure.