Boeing bows out of multibillion-dollar Minuteman III replacement competition

Boeing Cohas decided it will not compete as a prime contractor to replace the Pentagon's aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corpto win a contract worth tens of billions of dollars.Friday marked the deadline to submit proposals to continue work on the replacement of the nearly half-century-old intercontinental ballistic missile (ICBM) system as the military embarks on a costly modernization of its aging atomic weapons.Boeing said in a statement that