Pentagon Awards Missile Contracts to Boeing, Northrop Grumman
21 Agosto 2017 - 07:22PM
Dow Jones News
By Doug Cameron
The Pentagon awarded contracts to Boeing Co. and Northrop
Grumman Corp. to advance a refresh of the nation's land-based
intercontinental ballistic nuclear missiles estimated to cost
around $85 billion.
The two companies are competing for the Pentagon's Ground-Based
Strategic Deterrent program, which would replace aging Minuteman
missiles, a step toward what will be one of the largest defense
deals of the decade.
Lockheed Martin Corp. also bid and said it was disappointed at
the decision, but didn't comment on whether it would appeal.
The awards are part of a three-pronged $500 billion refresh of
the U.S. nuclear arsenal, which includes a long-range bomber being
built by Northrop Grumman and new nuclear submarines now under
construction by General Dynamics Corp.
The Pentagon is expected to select a single company to lead the
modernization of the land-based missile armory after studying the
next round of development.
Write to Doug Cameron at doug.cameron@wsj.com
(END) Dow Jones Newswires
August 21, 2017 18:07 ET (22:07 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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