March 1 (UPI) -- Lockheed Martin Corp. was awarded an $850 million modification to an existing contract for element development and support services for a key part of the military's ballistic missile defense system the Missile Defense Agency.
The contract modification, announced Thursday by the Defense Department, will bring the value of an already existing contract for work on the Terminal High Altitude Area Defense system from $1.5 billion to $2.33 billion.