• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
  • March 27, 2020
  • News Bulletin

Lockheed Martin Awarded Contract to Supply Kingdom with THAAD System

March 25, 2020 – Lockheed Martin Corporation has secured a $932.8 million contract modification to produce Terminal High Altitude Area Defense interceptor missiles (THAAD) to Saudi Arabia and the United States, with $603.3 million of foreign military sales funds allocated by the Kingdom.  Originally announced in March 2017 as part of a $5.4 billion package, the agreement raises the total value of the contract to $6.3 billion. Work on the project is expected to conclude by April 1, 2016 and will be performed in Dallas, Texas; Sunnyvale, California; Huntsville, Alabama; Camden, Arkansas; and Troy, Alabama. The Huntsville-based Missile Defense Agency is the contracting activity.

Share:

Lifestyle Corner: Tabuk Summer Festival 2025 – a Blend of Tradition and Modernity

Monthly Review: U.S.-Saudi Business Deals (May 2025)

Silicon Valley Delegation Visits Riyadh to Identify Joint Venture Partners

U.S.-Saudi Business Council: Trump’s Visit Marks New Chapter in Partnership

Never Miss a Beat on The Council Updates

Stay ahead with The Council’s latest news, insights, and event alerts.

Subscribe to Email Alerts

Get Unlimited Access to USSBC Reports

Discover timely, practical, and actionable information on business opportunities and emerging market trends.

Learn more and subscribe
PrevPreviousValue of Awarded Contracts Reach SR197.1 Billion in 2019
NextEconomic Brief – B20 Initiative to Address COVID-19 Impact – April 2020Next

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
Box # 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next