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Lockheed Martin receives THAAD contract

Lockheed Martin Corp., of Bethesda, the world’s largest defense contractor, announced it has received a production contract valued at $3.9 billion to produce elements of the Terminal High Altitude Area Defense (THAAD) Weapons System for the Defense Department’s Missile Defense Agency and the United Arab Emirates.

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RapidAdvance acquired by Bethesda equity firm

Rockbridge Growth Equity LLC, of Detroit, a private equity firm that invests in financial, consumer-direct marketing, and 'sports, media and entertainment industries, said it acquired Bethesda-based Rapid Financial Services LLC (doing business as RapidAdvance), a provider of capital for small businesses, for an undisclosed amount.

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