Lockheed Martin has secured a $74m contract to supply the Terminal Excessive Altitude Space Protection (THAAD) weapon system for the US Missile Protection Company (MDA).

The system is predicted to be deployed by 2025.

Lockheed Martin Missiles and Fireplace Management, Higher Tier Built-in Air and Missile Protection vice-president Dan Nimblett mentioned: “This award demonstrates the US authorities’s continued confidence within the THAAD weapon system and in its distinctive endo- and exo-atmospheric defence functionality.

“With 16 of 16 profitable flight take a look at intercepts, and up to date fight success clearly documenting the effectiveness of THAAD, including an eighth battery will additional improve readiness towards current and evolving ballistic missile threats.”

The THAAD aspect is a transportable and quickly deployable defensive weapon system that can be utilized to intercept brief, medium, and intermediate-range ballistic missiles. The system leverages Hit-to-Kill know-how to destroy the risk on direct impression, earlier than it hits the on-ground property.

It could possibly additionally goal aerial threats exterior the ambiance.

In a press release, Lockheed Martin mentioned: “THAAD continues incremental functionality enhancements throughout the weapon system to repeatedly enhance functionality towards present and rising threats.”

Thus far, the US Military acquired seven THAAD batteries, the final of which was activated in December 2016.

The most recent contract will ship the eighth THAAD battery to the US.

Lockheed Martin lately reported its earnings within the first quarter of 2022. The corporate recorded gross sales of $15bn within the quarter, down 8% in comparison with similar interval final yr.

It expects to generate web gross sales of roughly $66bn this yr.

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