US Commits $35 Billion To Quadruple THAAD Missile Interceptor Production

Media by CNN

This week, the Department of Defense/War announced a $35 billion multiyear contract with Lockheed Martin as part of its multiyear plan to speed production of new defensive and offensive capabilities. In the case of the THAAD (Terminal High Altitude Area Defense) missiles by Lockheed Martin according to reporting in Manufacturing Dive.

As part of the multiyear strategy, Lockheed Martin, which produces the THAAD missile system in a number of locations including California and a large scale facility expansion in Alabama, has invested over $1 billion in increasing capacity in order to quadruple THAAD production and complete development of the next generation of interceptors (common known as NGI).

The ongoing conflict in the larger Middle East while tragically damaging for untold millions of lives and across the globe in economic pressures would be substantially different and destructive without the current generation of missile defense systems, of which the THAAD system is one of the most advanced.

In addition to closely following current events, we are continuing to track and analyze the reshoring of manufacturing in the American economy and its impacts for employers and employees alike and encourage you to check back often or go to our social links below for more!

The Association of Western Employers is dedicated to helping create, maintain, and expand career building jobs for every one across the American west and nationally. Its online platforms are among some of the widest reaching where we advocate for career building opportunities for every sector of the economy. Check back often for more news!