$240 million contract for Boeing

has received a $240 million contract from the US Air Force to produce 10,000 Joint Direct Attack Munition (JDAM) tail kits for existing 500-, 1,000- and 2,000-pound bombs purchased by the US Air Force and Navy.

"We are proud to continue to provide the warfighter with this needed capability," said Rick Heerdt, JDAM program manager for Boeing.

JDAM is a Global Positioning System-aided, near-precision weapon that has been used extensively in global operations by the US Air Force and Navy.

The new contract, known as Lot 10, is scheduled for completion in February 2008. Since 1998, Boeing has produced more than 140,000 JDAM tail kits.