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Boeing Gets $262M Air Force Contract for Bomb Guidance Kits

boeing logoBoeing (NYSE: BA) has secured a potential two-year, $262 million contract to supply bomb guidance tailkits to the U.S. Air Force.

The firm-fixed-price contract covers the production of lot 17 Joint Direct Attack Munition kits, the Defense Department said Monday.

JDAM tailkits work to convert free-falling bombs into weapons guided by GPS and inertial guidance platforms.

Boeing will perform contract work in St. Louis through Nov. 20, 2017, according to DoD.

The Air Force Life Cycle Management Center will obligate $13 million from the service branch’s ammunition funds from fiscal 2014 through fiscal 2016 at the time of award.

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