Boeing Picks Team for Coast Guard Order

Bloomberg News

Boeing Co., the biggest aircraft maker, picked three companies to participate in a bid for a U.S. Coast Guard order for aircraft and ships valued at as much as $20 billion over 40 years.

The company chose the Spanish and Eurocopter units of European Aeronautic Defense & Space Co., engineering firm John J. McMullen Associates Inc. and Los Angeles-based Northrop Grumman Corp.'s Litton Avondale shipbuilding unit to participate in the bid, Boeing said.

The team is competing against two others for the modernization contract. The Coast Guard is scheduled to award an initial five-year, $2.3-billion contract in April.

Shares of Boeing fell 3 cents to $56.33 on the NYSE.

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