L3Harris wins seven-year Lockheed Martin contract worth more than $6 billion to expand propulsion production for THAAD missile interceptors

L3Harris received an undefinitized contract from Lockheed Martin valued at more than $6 billion, excluding escalations, to expand propulsion production for THAAD interceptors over seven years. The company will expand capacity for the interceptor's solid-rocket boost motor and liquid divert-and-attitude-control system. The award follows a separate framework agreement with the U.S. Department of War aimed at quadrupling THAAD propulsion production, but the more-than-$6 billion figure refers to this Lockheed Martin contract rather than multiple agreements. The announcement did not specify production quantities under the new award.