Lockheed Martin was awarded a $1.48 billion contract to build the THAAD
missile defense system for
Saudi Arabia, bringing the total value of the deal to $5.36 billion, the
Pentagon said on Friday.
The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defense interceptor for Saudi Arabia, the Pentagon said.
In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.