Lockheed Martin announced on January 29 that it will quadruple production of its THAAD (Terminal High Altitude Area Defense) missile interceptors under a new Pentagon framework agreement. “Today’s agreement to quadruple THAAD production means we will have more interceptors available than ever before to deter our adversaries,” said Lockheed Martin CEO Jim Taiclet . In July 2025, the Missile Defense Agency (MDA) already modified its THAAD production contract to raise its value from $8.35 billion to $10.42 billion, reflecting higher production targets. The press release notes Lockheed’s plan to invest multibillions over the next few years and build or modernize dozens of factories for THAAD, PAC-3, and other missile lines. Dawn Golightly, a Lockheed missile-defense vice president, said the company “remains committed to innovation and investment in interceptor production” as global threats rise.