Boeing gets $1.24 billion extension to space station contract with NASA
By APTuesday, September 14, 2010
Boeing gets $1.24B extension to space station deal
HOUSTON — Boeing Co. said Tuesday that NASA has given the company a $1.24 billion, 5-year extension to a contract covering engineering work on the International Space Station.
Boeing said it will provide engineering for hardware and software on the U.S. part of the space station and for some hardware and software available to international partners.
The extension begins with the new federal fiscal year on Oct. 1.
Boeing’s work will include oversight of maintenance, monitoring system performance and other duties. It will cover buying spare parts and modifying current systems.
The work will be done at NASA facilities in Houston, Cape Canaveral, Fla., and Huntsville, Ala.; and at Boeing sites in Houston, Huntsville, and Huntington Beach, Calif.
Boeing’s program manager for the space station, Joy Bryant, said the work will set the stage to keep the space station operating until 2020 and possibly through 2028.
Shares of Boeing fell $1.43, or 2.2 percent, to close at $62.76.
