Deals
Boeing Skips Bid on $85 Billion ICBM, Clearing Path for Northrop
- Northrop is left as sole bidder on intercontinental missiles
- Air Force under pressure to explain how it can get fair price
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Boeing Co. said it won’t compete for the Pentagon’s 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.
The announcement Friday made final Boeing’s previous indications that it wouldn’t bid on the program to replace aging Minuteman III ICBMs because it views the request for proposals as heavily skewed to favor Northrop.