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Saudi companies to make parts for Lockheed’s THAAD defense system

2024.02.05 04:50


© Reuters. FILE PHOTO: Lockheed Martin’s brand is seen throughout Japan Aerospace 2016 air present in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo

RIYADH (Reuters) – U.S. weapons maker Lockheed Martin (NYSE:) has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the corporate stated on Monday.

These sub-contracts will improve manufacturing capabilities in Saudi Arabia and switch experience to strengthen the nation’s defense trade, Lockheed stated.

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