Boeing Receives $80M Defense Deal By DONNA BORAK 07.25.07, 7:08 PM ET Associated Press
WASHINGTON - The Pentagon on Thursday awarded an $80 million contract to Boeing Co. to begin planning and construction for two European-based missile defense complexes.
The deal follows an announcement by the Bush administration earlier this year to build two missile defense sites in Poland and the Czech Republic to protect U.S. and European interests.
Under the contract, Boeing (nyse: BA - news - people ) will build and deliver 10 interceptors to a site in Poland, and move one larger fixed-radar from the U.S. Marshall Islands to the Czech Republic. Additionally, there will be one smaller transportable radar that will moved to various locations as needed, said Rick Lehner, a spokesman for the Missile Defense Agency.
The deal is worth up to $3.5 billion through 2013.
Boeing will be able to move forward with its planning and construction at both European sites once Congress approves a $310 million budget request for the European missile defense program under the president's 2008 proposed budget, said Lehner. For now, the contract provides Boeing with the authority to begin planning and construction.
A spokesman for Boeing could not immediately comment.