Boeing, Lockheed Join Forces To Bid For $550B Bomber Deal

Law360, New York (October 25, 2013, 3:47 PM EDT) -- The Boeing Co. and Lockheed Martin Corp. announced Friday that they have joined forces to bid on the U.S. Air Force's $550 billion long-range bomber program, one of the biggest new aircraft programs for the U.S. Department of Defense.

The Boeing and Lockheed team is expected to compete against Northrup Grumman Corp. — which built the Air Force’s last B-2 bomber — for the Air Force's Long-Range Strike Bomber program, the companies said in a release. Under their proposal, Boeing will act as the prime contractor...
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