Lockheed Martin is awarded a $35 billion contract to produce THAAD interceptors, likely boosting revenue and earnings for years to come.

The company said the contract “puts in action” the THAAD framework agreement Lockheed signed with the DoD in January designed to quadruple interceptor output.

Lockheed Martin secures a $35 billion Pentagon contract to quadruple THAAD missile interceptor production from 96 to 400 units annually over seven years.