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Boeing wins $3.48 billion U.S. missile contract [View All]

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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-31-11 04:26 AM
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Boeing wins $3.48 billion U.S. missile contract
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Source: Reuters

Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield, the Pentagon said on Friday.

The U.S. Defense Department said it was awarding Boeing a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems.

A team led by Lockheed Martin Corp and Raytheon Co had vied with Boeing to expand and maintain the Ground-based Midcourse Defense, or GMD, hub of layered antimissile protection. <snip>

The GMD contract's value to Boeing will have been about $18 billion from January 2001, when it formally became the system's prime contractor, through the end of this year, Boeing has said.


Read more: http://www.reuters.com/article/2011/12/31/us-boeing-mis...
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