Boeing (BA.US) stock price rose 2% in pre-market trading on Wednesday after the U.S. Department of Defense announced a partnership with Boeing to increase the production capacity of U.S. missile defense system seekers.
The agreement, which lasts for seven years, is part of the Pentagon's plan to triple the production capacity of seekers, which are produced by Boeing and provide active measurement data for the PAC-3 missile segment enhancement. The deal with the Pentagon supports a recent agreement with Lockheed Martin (LMT.US) to triple the production of PAC-3 MSE

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Boeing's stock price rose 2% in pre-market trading on Wednesday, as the U.S. Department of Defense announced a seven-year cooperation agreement with Boeing aimed at increasing the production capacity of the U.S. missile defense system's seekers. This agreement is part of the Pentagon's plan to triple the production capacity of seekers, which are produced by Boeing and used for the enhancement of the PAC-3 missile segment. This deal also supports the agreement reached with Lockheed Martin to triple the production of PAC-3 MSE

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Boeing reaches a 7-year missile deal with Washington, stock price rises 2% in pre-market trading