Lockheed gets $1 billion down payment for Saudi THAAD missile system

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Lockheed gets $1 billion down payment for Saudi THAAD missile system
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Lockheed Martin Corp will receive the first payment toward the installation a $1...

FILE PHOTO: Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon

As a part of the scope of work outlined by the Pentagon, obsolete systems currently in place will be updated to prepare the current Saudi missile defense infrastructure for the new Terminal High Altitude Area Defense technology.

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