Lockheed gets $1B for Saudi THAAD system

• The Pentagon has awarded Lockheed Martin (NYSE:LMT) $946M on behalf of the Kingdom of Saudi Arabia for THAAD, which is regarded as America's crown jewel in missile defense systems.
• The multi-million dollar award is the first installment of what is expected to be a $15B deal.
• It comes days after U.S. deployed THAAD in Israel for the first time in order to "deal with near and distant threats from throughout the Middle East."