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Business/Financial

Boeing Gains $397.9 Million Contract To Continue Ground-based Midcourse Defense Program For Only Six Months

DDN

Monday, January 5th, 2009

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Long-Term Contract To Be Decided In Impending Obama Administration The Missile Defense Agency gave The Boeing Co. [BA] a cost-plus-award-fee contract worth up to $397.9 million to continue the Ground-base Midcourse Defense (GMD) program for six months, leaving to the Obama administration a decision on a larger long-term GMD contract. While the agency has said Boeing would continue to lead the program, instead of having a new competitive bidding contest for GMD through 2013, the Obama transition team is asking…

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