By Marina Malenic Two industry teams have submitted their proposals to build the Air Force's next-generation Small Diameter Bomb (SDB II), a program that is expected to lead the way for fixed- price competitions in Defense Department weapons purchasing. Raytheon [RTN] and a Boeing [BA]-Lockheed Martin [LMT] team submitted proposals last month. Both teams have been working under 24-month, $150 million development contracts and have been demonstrating their key technologies. "Small Diameter Bomb II is going to be a leader…
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