Lockheed Martin awarded $1.48 billion Saudi missile defence contract | World News, The Indian Express

Lockheed Martin awarded $1.48 billion Saudi missile defence contract | World News, The Indian Express

By Reuters |Washington |Published: July 20, 2019 12:35:02 pm

Lockheed Martin awarded $1.48 billion Saudi missile defence contract

Lockheed Martin, the biggest US arms maker, builds and integrates the THAAD system, which is designed to shoot down short-, medium- and intermediate-range ballistic missiles.

Lockheed Martin’s THAAD missile model is displayed during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. (Reuters Photo: Kim Kyung-Hoon)

Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defence system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday.