Lockheed Missile-Defense System Parts to Be Made in Saudi Arabia
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Components for Lockheed Martin Corp.’s Thaad missile-defense system sold to Saudi Arabia will be built locally to develop the kingdom’s defense industry.
Under the agreement, interceptor launchers and canisters for the so-called Terminal High Altitude Area Defense batteries will be manufactured in Saudi Arabia, the kingdom’s military industry regulator and the U.S. defense group said in a joint statement. They didn’t give an exact time frame for production.