The development seals the deal which both countries entered into in Nov. 2018 for 44 Terminal High Altitude Area Defense launchers, missiles and related equipment.
According to a statement by the Pentagon, Lockheed Martin Corp has been awarded a $2.4 billion contract to sell THAAD interceptor missiles to Saudi Arabia.
In November 2018, U.S. and Saudi officials had signed letters of offer and acceptance which formalized the terms for Saudi Arabia’s purchase of 44 Terminal High Altitude Area Defense launchers, missiles and related equipment.
As per a statement from the Pentagon, the Saudi government would pay $1.5 billion of the $2.4 billion.
The THAAD missile deal was inked midst concerns about the role of The Kingdom’s leadership played in the murder of prominent Saudi critic Jamal Khashoggi, a journalist who lived in the United States and was a columnist for the Washington Post.
Representatives for Lockheed Martin declined to comment.
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 THAAD technology.