THAAD Localization Efforts Align with Saudi Vision 2030 Objectives

Los Angeles CA (SPX) Feb 06, 2024

Lockheed Martin Corporation (NYSE: LMT) has announced the award of two critical subcontracts to Saudi Arabian industry partners, marking a significant step in the production localization of components for the Terminal High Altitude Area Defense (THAAD) Weapon System. This initiative is part of a broader Localization Agreement with the Kingdom of Saudi Arabia, aiming to enhance the country's manu