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Boeing (BA.US) Reaches 7-Year Missile Deal with Washington; Shares Rise 2% Premarket
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Shares of Boeing (BA.US) rose 2% in premarket trading on Wednesday after the US Department of Defense announced a partnership with the company to boost production capacity of seekers for the US missile defense system. The seven-year agreement forms part of the Pentagons plan to triple seeker production capacity. The seekers, manufactured by Boeing, provide active measurement data for the PAC-3 Missile Segment Enhancement (MSE). The deal with the Pentagon supports a recent agreement with Lockheed Martin (LMT.US) to triple output of the PAC-3 MSE. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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