To: Original Mad Dog who wrote (20418 ) 8/29/2002 7:19:09 PM From: Lazarus_Long Respond to of 21057 Hmmmm....... What does this mean?biz.yahoo.com Reuters Company News Boeing, Lockheed get more US missile defense work Thursday August 29, 6:12 pm ET By Jim Wolf WASHINGTON, Aug 29 (Reuters) - The U.S. Missile Defense Agency said on Thursday it would pay Boeing Co. (NYSE:BA - News) another $125 million and Lockheed Martin Corp.(NYSE:LMT - News) another $108.7 million for speeded-up work on a planned U.S. missile shield. Boeing was selected in February to head a team doing systems engineering work on antimissile projects. Lockheed was tapped to lead a team developing the battle-management systems plus command, control and communications. The Missile Defense Agency, a Pentagon arm, said the work under the two new awards, details of which were not made public, was expected to be wrapped up by Dec. 31, 2003. The Bush administration is racing to build a ground-based antimissile "test bed" centered in Alaska that it says could provide a rudimentary bulwark against a limited number of incoming warheads by Sept. 30, 2004. The stated goal is to thwart any chemical, biological or nuclear weapons that could be launched by countries like North Korea, Iraq and Iran. Many critics say technology is far from having the ability to shoot down missiles under battlefield conditions. Efforts to build such a shield may prove too costly to be practical, and also could spark an arms race, critics contend. Pentagon budgets call for spending as much as $700 million on systems-engineering work in fiscal 2002 and 2003 alone. Ultimately, building the major antimissile programs now under development could cost as much as $238 billion by 2025, the Congressional Budget Office estimated in January. Others have disputed this estimate, saying it is too early to tell how much it would cost. The announcement of the new contracts for Lockheed and Boeing, respectively the No. 1 and No. 2 U.S. defense contractors, were uncommonly short on specifics. The Missile Defense Agency announced earlier this year that it was relaxing its standard contracting rules to deprive potential foes of information that could be used against the United States. An agency spokesman did not immediately return a phone call seeking additional details on the latest contracts. In addition to the ground-based antimissile system designed to shoot down incoming warheads as they hurtle through space, the Pentagon is developing ship-based and space-based defenses as well as a modified, laser-firing Boeing 747 airliner. President Bush pledged during the 2000 presidential campaign to build a "layered" system capable of shooting down missiles at every stage of their trajectory.