January 2nd, 2012 
admin The Pentagon said on Friday that Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield.
Boeing was awarded a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems, according to the U.S. Defense Department.
“We believe the government conducted a fair and open competition, making the right decision for the future of the program,” Norm Tew, Boeing vice president and program director of GMD, said in a statement.
A team led by Lockheed Martin Corp and Raytheon Co had vied with Boeing for expanding and maintaining the Ground-based Midcourse Defense, or GMD, hub of layered antimissile protection. Boeing partnered with Northrop Grumman Corp for retaining the work.
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