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U.S. Navy Awards Contract To Boeing For Standoff Land Attack Missiles For Saudi Arabia

(DESPARDES/PKONWEB) — Boeing has been awarded a contract by the U.S. Navy for standoff land attack missiles to support Saudi Arabia, a major ally for the US in the Middle East region. The deal, announced Tuesday by the Department of Defense, is valued at more than $64 million under the terms of a cost-plus-incentive-fee contract. The agreement enables Boeing to “restart” the AGM-84 Standoff Land Attack Missile production line and expand the production process to the benefit of Saudi Arabia, said a Pentagon press release. Additionally, the contract calls forRead More