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Boeing Beats Lockheed For $89.3 Million DARPA Vulture Contract

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Boeing [BA] has won an $89.3 million contract over Lockheed Martin [LMT] to work on the second development phase of a light, unmanned aircraft that can stay aloft for at least five years without stopping to refuel, the Defense Department said recently. The work on the Vulture is being undertake by the Defense Advanced Research Projects Agency. The program is designed to produce a high-altitude surveillance aircraft with characteristics of a satellite, including flying under its own power while carrying…

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