8/22/2019, 2:13 AM (Source: TeleTrader)
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DoD awards $1B A-10 contract to Boeing, ends RKV coop

United States Air Force announced it has awarded Boeing Co. a $999 million contract for the replacement of the wings on A-10 aircraft. The aerospace giant will be responsible for managing the production of a maximum of 112 wing sets and spare kits.

At the same time, the Pentagon said that it will terminate the current Boeing contract to develop a Redesigned Kill Vehicle (RKV) over technical problems after spending $1.2 billion on the project.

Raytheon Co. is the actual developer of the RKV, a countermeasure to long-range ballistic missiles, and serves as a sub-contractor to Boeing.

Breaking the News / MA