Boeing [BA] has won the competition to continue work on the Ground-based Midcourse Defense element of the ballistic missile defense system (BMDS), the Pentagon announced recently, holding off a challenge by Lockheed Martin [LMT] for control of the lucrative program. Boeing teamed up with Northrop Grumman [NOC] while Lockheed Martin had partnered with Raytheon [RTN]. The contract is to provide development, manufacturing, test, training, performance-based logistics, operations and sustainment of the GMD, which is designed to engage and destroy limited…
Boeing Holds On To Ground-based Midcourse Defense
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