Lockheed Martin has secured a contract to supply terminal high-altitude area defence (THAAD) system ground components to the US Missile Defense Agency (MDA).
Under the $124.6m fixed-price contract, the company will manufacture and deliver THAAD launchers, support equipment and fire control, as well as communication and launcher spares.
Lockheed Martin THAAD vice-president Richard McDaniel said: "THAAD provides the warfighter with the requisite deployability, combat power and lethality to counter current and emerging ballistic missile threats around the globe.
"The Lockheed Martin team is totally committed to meeting the growing demand for THAAD's unique strategic capabilities."
A key element of the US ballistic-missile defence system, the THAAD missile system is designed to intercept and destroy short, medium and intermediate ballistic missiles, using hit-to-kill technology.
Equipped with launchers, missiles, battle management / command, control, communications and intelligence (BMC3I) units and radars, it defends the US and its deployed forces and allies against ballistic-missile threats during all phases of flight.
THAAD is claimed to be the only system capable of engaging ballistic missiles at both endo and exo-atmospheric altitudes, providing versatile capability to soldiers.
Since 2005, the THAAD development programme has completed 13 flight tests, with 11 successful intercepts in 11 attempts.
The first missile battery was deployed to Guam last year in the wake of increased tensions in the Pacific region.
Scheduled to start in 2016, the contract work will be undertaken at Lockheed's facilities in Texas, Alabama, Florida, California, and Arkansas, US, and will be completed in 2017.
Image: A terminal high-altitude area defence missile being launched. Photo: courtesy of the National Missile Defense.