BOEING CO. and employee-owned Science Applications International
Corp. have formalized an 8-year deal with the U.S. Army worth
up to a total of $14.8 billion to manage the design,
development and early output of a new family of networked
vehicles and drones, the Army said. Outlines of the deal,
including the amount of the contract with Boeing and SAIC, were
announced in May, when the Defense Department moved the
so-called Future Combat Systems program into its development
and design phase. The agreement "definitizes" an agreement
signed on May 30 for what amounts to the Defense Department's
second-biggest weapons program after the Joint Strike Fighter
being built by Lockheed Martin Corp., said an Army spokesman,
Maj. Greg Tallman.
(Reuters 10:47 AM ET 12/11/2003)

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