Boeing declines to bid on Air Force’s $85-billion ICBM project

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Boeing declines to bid on Air Force’s $85-billion ICBM project
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Boeing's move leaves Northrop Grumman the sole bidder for the contract to develop and procure the next-generation intercontinental ballistic missile.

Boeing Co. said it won’t compete for the U.S. military’s new program to develop and procure the next-generation intercontinental ballistic missile, leaving Northrop Grumman Corp. as the sole bidder for a project valued at almost $85 billion.

“Boeing is disappointed we were unable to submit a bid,” the Chicago company said in a statement. “Boeing continues to support a change in acquisition strategy that would bring the best of industry to this national priority and demonstrate value for the American taxpayer.” Air Force spokeswoman Ann Stefanek said in a statement Friday that even though there’s only one bid, the service “will proceed with an aggressive and effective sole-source negotiation.”

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