31 December 2011

Boeing Keeps Missile Defense Work

Hey, for $3.48 billion, you'd want the contract, too.

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.
Boeing partnered with Northrop Grumman Corp to retain the work.

By: Brant

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