"The Defense Department announced an agreement with Lockheed Martin and BAE Systems to quadruple the production of seekers for Terminal High Altitude Area Defense interceptors, which are designed to intercept ballistic missiles during their final flight phase."
"THAAD is one of the most advanced ground-based air defense assets operated by the US, capable of engaging targets at ranges of 93 to 124 miles both inside and outside the atmosphere."
"Lockheed Martin plans to quadruple interceptor production from 96 a year to upward of 400 a year over the next seven years, with each interceptor costing about $12.7 million."
The Department of Defense is urging major defense companies to significantly boost production of essential weapons, particularly missiles and interceptors. Recent agreements with Lockheed Martin and BAE Systems aim to quadruple the production of seekers for THAAD interceptors, which are vital for missile defense. THAAD systems can engage targets at ranges of 93 to 124 miles and are crucial for potential conflicts, especially with China. Lockheed Martin plans to increase interceptor production from 96 to over 400 annually in the next seven years, with each interceptor costing approximately $12.7 million.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]