Bloomberg Politics:
Boeing Co. has received a $6.56 billion contract to continue managing the U.S. missile defense system intended to stop North Korean or Iranian intercontinental ballistic missiles, the Defense Department said.
The sole-source contract announced Wednesday extends Boeing’s management role for six more years, through 2023, and brings its total contract to $12.6 billion. It includes overseeing the addition of 20 ground-based interceptors to the 44 already stationed in California and Alaska.
North Korean leader Kim Jong Un has vowed to perfect a nuclear warhead and a missile that could hit the U.S. mainland, adding to the urgency of U.S. missile defense efforts. In his State of the Union address on Tuesday, President Donald Trump said, “North Korea’s reckless pursuit of nuclear missiles could very soon threaten our homeland. We are waging a campaign of maximum pressure to prevent that from ever happening.”
