Boeing (NYSE: BA) andÂ Northrop Grumman (NYSE: NOC) are moving to the next bidding round for a U.S. Air Force competitionÂ that seeks to build a new intercontinentinal ballistic missile weapon system.
The service branch said Tuesday it posted a formal solicitation notice for the engineering and manufacturing development phase of theÂ Ground-Based Strategic Deterrent ICBMÂ program.
Both companies won separateÂ technology maturation and risk reduction contracts worth $678M combined in August 2017.
The EMD contract has options for a contractor to produceÂ fiveÂ lots of the GBSD system and help USAF field the weapon.
The system is intendedÂ to replace the LGM-30 Minuteman III missile and designed to adapt to technological changes.