Individual Contract Report
Problems with Contract:

Lack of Competition

Lack of Defined Requirements

Mismanagement

Wasteful Spending

Terminal High Altiutde Area Defense (THAAD)

$12.5 billion

THAAD is an element of the Missile Defense program intended to provide a ground-based missile defense system to defend against short- and medium-range ballistic missiles. The U.S. Government Accountability Office (GAO) found that the THAAD contractor, Lockheed Martin, experienced significant cost overruns and schedule delays during fiscal year 2006. GAO attributed these problems to difficulties with the missile, launcher, and systems tests.

Contract Information

Awarding Department(s): Department of Defense

Sub-department(s): Missle Defense Authority

Contractor: Lockheed Martin

Issue Area(s): Weapons Acquisition

Source(s)

 

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