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Business/Financial

Boeing To Gain New Sole Source Ground-based Midcourse Defense Contract

DDN

Monday, March 31st, 2008

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The Missile Defense Agency (MDA) will negotiate a sole-source contract for The Boeing Co. [BA] to continue leading the Ground-based Midcourse Defense program, according to an MDA notice and Boeing officials. They declined to specify the possible dollar amount of the new contract, saying that Boeing now is in a "quiet period" when officials can't discuss revenue/earnings numbers. But the work could run into the billions of dollars. That new core completion, cost-plus-award-fee contract would subsume an existing contract that…

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