Home Tech Boeing bows out of multibillion-greenback Minuteman III replacement competitors By Reuters

Boeing bows out of multibillion-greenback Minuteman III replacement competitors By Reuters

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Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters


Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

© Reuters. The Boeing brand is displayed on a monitor, at the NYSE in New York

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

WASHINGTON (Reuters) – Boeing Co (N:) has made the decision it will not compete as a key contractor to exchange the Pentagon’s ageing U.S.-dependent Minuteman III missile program, paving the way for Northrop Grumman Corp (N:) to earn a agreement truly worth tens of billions of pounds.

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

Friday marked the deadline to post proposals to keep on get the job done on the replacement of the virtually 50 percent-century-aged intercontinental ballistic missile (ICBM) procedure as the army embarks on a pricey modernization of its getting old atomic weapons.

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

Boeing stated in a statement that it was let down it was unable to post a bid. Northrop did not instantly return a request for comment.

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

Boeing’s choice not to enter a bid as a prime contractor had been foreshadowed this summer season in a letter from the chief government of Boeing Protection Place and Security, Leanne Caret, to Air Power management, saying Northrop’s 2018 purchase of strong rocket motor maker Orbital ATK might make it hard for Boeing to contend on cost.

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

Orbital is the top rated producer of the strong fuel rocket motors frequently utilised in Minuteman III and comparable missiles.

Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

The Pentagon’s Cost Assessment and Plan Analysis place of work has claimed the full expense to change Minuteman III could prime U.S. $85 billion.

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Boeing Bows Out Of Multibillion-greenback Minuteman III Replacement Competitors By Reuters

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