Air Force May Delay Awarding Tanker Contract

by: admin
December 22, 2007

Category: Boeing, Contract Awards, EADS, Northrop Grumman Corp., U.S. Air Force | RSS 2.0

There were multiple reports, on Thursday, that the U.S. Air Force may delay the award of the KC-X tanker contract beyond February. The contract, worth between $40-$100 billion, was originally supposed to have been awarded this year, but it was postponed to February, 2008. Now, it looks like the award will be postponed again. The leading contenders for the contract are Boeing, and a coalition led by Northrop Grumman and EADS. Details on the possible delay can be found in stories at GovExec.com and Reuters.

In related news, EADS is afraid that the continued fall of the dollar versus the euro will make their bid for the tanker contract untenable. EADS Chief Executive Louis Gallois has gone so far as to say that the dollar’s continued decline an “existential threat” to the European company. See the Seattle Post Intelligencer for more.

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