The Air Force on Tuesday awarded Boeing [BA] an indefinite-delivery/indefinite-quantity (ID/IQ) contract worth nearly $467 million for repairing Minuteman III ICBM guidance sets, according to a Defense Department statement.

Work is expected to be completed by June 2, 2021. This award was sole-sourced. Nearly $23 million in fiscal year 2015 operations and maintenance (O&M) funds are being obligated at the time of award.

The Air Force test launches a Minuteman III ICBM in September 2010. Photo: Air Force.
The Air Force test launches a Minuteman III ICBM in September 2010. Photo: Air Force.