L3Harris gets $6 billion Lockheed Martin contract for THAAD propulsion production (updated)

Lockheed Martin

29/09/2026 16:07

Adds details on contract and background throughout
Sept 29 (Reuters) - L3Harris Technologies LHX.N said on Tuesday it had received a contract valued at more than $6 billion over seven years from Lockheed Martin LMT.N to expand propulsion production for the Terminal High Altitude Area Defense (THAAD) system.
The contract is tied to a July Department of War initiative to quadruple THAAD production under which Lockheed Martin, the system's prime contractor, agreed to significantly increase output of the missile-defense interceptor.
THAAD is a missile defense system designed to intercept and destroy short-, medium- and intermediate-range ballistic missile threats.
Melbourne, Florida-based L3Harris produces THAAD's Solid Rocket Boost Motors (SRBMs) and Liquid Divert and Attitude Control Systems (LDACS) for the Missile Defense Agency.
The company said it will build a new facility to support the increased SRBMs and LDACS production.
L3Harris signed an agreement with DoW and Lockheed in July to ramp up propulsion production for the system.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Devika Syamnath and Shreya Biswas)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))