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

Boeing (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 …

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