Boeing Awarded $700M Air Force IDIQ to Continue Small Diameter Bomb Increment 1 Production

boeing logoBoeing‘s (NYSE: BA) defense, space and security segment has received a potential $700 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force for the production of lots 12 to 14 Small Diameter Bomb Increment 1 weapons and carriage systems.

The Defense Department said Thursday the sole-source contract includes support for foreign military sales agreements and work will occur at Boeing’s facility in St. Louis,  Missouri through Dec. 12, 2021.

The Air Force Life Cycle Management Center will obligate $130 million in fiscal years 2015 and 2016 missile procurement and FMS funds at the time of award.

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