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Boeing Beats Out Lockheed For $89.3 Million DARPA Vulture Contract

DDN

Monday, September 20th, 2010

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By Marina Malenic 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 last week. 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…

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