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Boeing lands $3.5 billion missile defense contract

The U.S. Defense Department has awarded Boeing Co. a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems, the Chicago Tribune reports. Boeing beat out a team led by Lockheed Martin Corp. and Raytheon Co. to develop the U.S. long-range missile shield. Boeing’s defense unit is based in Hazelwood. more