Author: Joanna Crews|| Date Published: January 3, 2018
Boeing‘s (NYSE: BA) defense, space and security business has received a $193.6 million contract modification from the U.S. Air Force to manufacture additional Small Diameter Bombs for six foreign military sales customers.
The modification covers the procurement of 6,000 more SDB Increment 1 all-up-rounds under the company’s basic indefinite-delivery/indefinite-quantity contract for production lots 12-14, the Defense Departmentsaid Tuesday.
FMS clients Israel, Japan, Netherlands, Saudi Arabia, Singapore and South Korea ordered the precision-guided bombs.
DoD noted the modification increases the contract’s ceiling value from $700 million to $893.6 million.
The Air Force will obligate $99.7 million in fiscal 2015 and 2016 missile procurement funds and FMS funds.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
Boeing‘s (NYSE: BA) defense, space and security business has received a $193.6 million contract modification from the U.S. Air Force to manufacture additional Small Diameter Bombs for six foreign military sales customers.
