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Boeing Wins $376M Produce, Launch Global SATCOM Satellite

The U.S. Air Force has awarded Boeing‘s (NYSE: BA) satellite systems subsidiary a $376,523,860 contract modification for work on the Wideband Global SATCOM satellite system, the Pentagon said Friday.

The awarded option calls for Boeing to produce, process, launch and activate on-orbit Satellite Vehicle 9.

WGS serves as the military’s highest-capacity satellite communications system, providing 10 times the communications capacity of its predecessor, the DSCS III satellite, according to Boeing’s website.

Work will be performed in Fort Worth, Texas, and is expected to be completed by May 2013.

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