WASHINGTON (Sputnik) – US defense giants Boeing and Northrop Grumman have each won individual contracts worth more than $677 million combined to develop the next generation nuclear armed missile known as the Ground-based Strategic Deterrent (GBSD) that will replace the aging Minuteman III Intercontinental Ballistic Missile (ICBM), the US Defense Department said in a press release.
Combining the two awards gives a total of $677,744,792.
With the exception of existing silos and warheads, every element of the ICBM system will be modernized during the GBSD program, according to published Northrop Grumman documentation. New missiles, command and control, infrastructure and launch systems will be developed to bring improved capacity, accuracy, performance and affordability through 2075.
The awards are the result of a competitive acquisition with three offers received, the release added.