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Economy
Lockheed gets $1 billion down payment for Saudi THAAD missile system
2019-03-05
WASHINGTON (Reuters) - Lockheed Martin Corp will receive the first payment toward the installation a $15 billion missile defense system in Saudi Arabia as part of a $110 billion arms package the Trump administration said it negotiated with the Kingdom in 2017, the Pentagon said on Monday.

The Pentagon awarded Lockheed a $946 million payment for the foreign military sale.

In November, the Saudis and U.S. officials signed the letters of offer and acceptance formalizing terms for Saudi’s purchase of 44 THAAD launchers, missiles and related equipment.

As a part of the scope of work outlined by the Pentagon, obsolete systems currently in place will be updated to prepare the current Saudi missile defense infrastructure for the new Terminal High Altitude Area Defense (THAAD) technology.

Posted by:Besoeker

#6  Non! "Domestically designed and produced!" Iran Yemen says
Posted by: Frank G   2019-03-05 19:40  

#5  Well considering the stuff from Yemen is from Iran...
Posted by: DarthVader   2019-03-05 15:59  

#4  Or stuff launched from yemen?
Posted by: Bright Pebbles   2019-03-05 14:19  

#3  THAAD is purely defensive. It has a kinetic kill vehicle, which means it doesn't have an explosive warhead. Just a solid lump of metal that has to impact the target to kill it.

In theory it could kill high altitude bombers, but I don't think they have ever tested that.

A Saudi version of THAAD is a counter to Iranian missiles. Iran is pushing the rest of the middle east to work against them. And that includes Israel. Interesting times.
Posted by: DarthVader   2019-03-05 09:33  

#2  Saudis also have some Raytheon and Northrup stuff

hope it works with what they are getting
Posted by: lord garth   2019-03-05 08:51  

#1  This of course is a so-called defensive system, but I believe Ike had a word or two about the downside of manufacturing things that kill people.
Posted by: Besoeker   2019-03-05 08:13  

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