Boeing to Help Build Multi-Object Kill Vehicle System for MDA

boeing logoBoeing (NYSE: BA) has been awarded a $9.8 million contract to help the Missile Defense Agency develop a proof-of-concept weapon platform for intercepting and destroying multiple target objects.

The Defense Department said Thursday the company will also examine the Multi-Object Kill Vehicle technology’s readiness and demonstrate strategies to mitigate the system’s technical risks.

MDA is obligating $4, 076, 521 at the time of award and Boeing will perform the work at the company’s facilities in Alabama, California and New Mexico through May 2016.

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) were respectively awarded contracts worth $9, 679, 107 and $9, 775, 608 to also build MKV prototypes for the agency.

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