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Space

Industry Teams Submit Proposals For GMD Development And Sustainment To MDA

DDN

Monday, January 31st, 2011

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Teams led Lockheed Martin [LMT]-Raytheon [RTN] and Boeing [BA]-Northrop Grumman [NOC] last week submitted proposals for the Ground-based Midcourse Defense (GMD) Development and Sustainment Contract to the Missile Defense Agency's (MDA's) GMD Joint Program Office. MDA has said it intends to award the contract May 31 and that the acquisition value is approximately $600 million per year with an initial period of performance of seven years. The GMD Development and Sustainment Contract is expected to provide development, manufacturing, test, training,…

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