THAAD Achieves First Intercept
THAAD, the most mature of the "upper-tier" theater missile defense (TMD) systems, must achieve two more intercepts before it is able to proceed into the pre-production "engineering, manufacturing and development phase." Lockheed Martin, the system's prime contractor, faced a $15 million penalty for the March 29 THAAD failure and may be hit with an additional $20 million fine if the system fails in its upcoming intercept test, likely to be held in July.
The United States has spent about $3.8 billion on THAAD since its development began in 1992. Under the Pentagon's competitive upper-tier TMD strategy, announced by Defense Secretary William Cohen in January, the United States hopes to deploy either THAAD or its sea-based counterpart, Navy Theater Wide, by 2007.My Account
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