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  • US Has Political, Economic Stake in Far-Flung Spat Sunday, 10 Aug 2008 | 7:21 AM ET

    There's more than meets the eye to the frantic US efforts to talk Russia and US ally Georgia out of war over an obscure mountain tract most Americans have never heard of.

  • Azerbaijan Halts Oil Exports from 2 Georgian Ports Saturday, 9 Aug 2008 | 7:18 PM ET
    Oil Pipeline

    Shipments of oil and oil products from two of Georgia's ports have been suspended because of fighting in the ex-Soviet state's breakaway South Ossetia region, Azeri state energy firm SOCAR said on Saturday.

  • Georgia Acts to Cool Investors Fears As Bombs Fall Saturday, 9 Aug 2008 | 7:02 PM ET

    Georgia, whose credit ratings were cut on Friday after military clashes with Russia, was praised on Saturday by foreign investors, who contrasted its efforts to reassure them over the crisis with those of Russia.

  • Georgia in 'State of War' Over South Ossetia Saturday, 9 Aug 2008 | 2:15 PM ET

    Russian tanks and troops rumbled into the separatist province of South Ossetia and Russian aircraft bombed a Georgian town Saturday in a major escalation of the conflict that has left hundreds of civilians dead and wounded. V

  • Russia Stocks Tumble as Battle Rages in Georgia Friday, 8 Aug 2008 | 10:47 AM ET

    Rapidly escalating violence in Georgia -- including a reported Russian air strike near the capital -- helped send emerging stockmarkets to their lowest level in almost a year on Friday, with Russian markets worst hit.

  • What The Pentagon Wants In A New Tanker--Stay Tuned Wednesday, 6 Aug 2008 | 11:44 AM ET

    Today the Department of Defense is submitting a new "draft request-for-proposal and source selection process" for the air refueling tanker. In other words, we find out what the Pentagon is looking for in a new plane, and how it will be incorporating the changes suggested by the Government Accountability Office.

  • Tankers, Blimps And The "Gay Top Gun" Thursday, 17 Jul 2008 | 8:52 AM ET

    I’ve got to stop talking about IndyMac and the banking crisis. Time to move back to the Air Force tanker crisis involving Boeing and Northrop Grumman. As I got home from DAY 3 of "THE INDYMAC BANK RUN" I finally got a chance to open up this week’s Aviation Week (aka “Aviation Leak”) which has an interview with Boeing CEO Jim McNerney.

  • Protectionism Not Good in Tanker Deal: EADS Tuesday, 15 Jul 2008 | 8:40 AM ET

    Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.

  • Northrop Grumman

    The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.

  • On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.

  • Gates On Tanker Rebid: "Not A Return To First Step" Wednesday, 9 Jul 2008 | 1:59 PM ET

    Gates is putting Under Secretary John Young in charge of picking a winner, a final blow to the Air Force. But Acting Secretary of the Air Force Mike Donnelly says he fully supports that decision.

  • EADS US Tanker Contract in Doubt Wednesday, 9 Jul 2008 | 1:37 PM ET

    U.S. Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing and a team of Northrop Grumman and Europe's EADS to build new aerial refueling tankers.

  • Tanker Saga Becoming Real Star Wars Trilogy Tuesday, 1 Jul 2008 | 9:07 AM ET
    Northrop Grumman Advertisement

    It’s going to be a long, hot summer until the Air Force decides whether to reopen bidding, and, if so, whether to start over completely with a new set of rules. I’m beginning to think the entire tanker saga is like the original “Star War” trilogy.

  • Europe Unveils Delayed A400M Military Plane Thursday, 26 Jun 2008 | 6:40 AM ET

    Europe unveiled the A400M military aircraft on Thursday, giving the public a first glimpse of a powerful turboprop plane being built to supply seven NATO countries with urgently needed strategic airlift capacity.

  • CSX to Give Results of Dissident Director Vote in July Wednesday, 25 Jun 2008 | 5:31 PM ET

    U.S. railroad CSX said results of a Wednesday shareholder vote on a slate of five dissident directors will be announced in July as two activist funds claimed they won at least two seats and cried foul over how the company conducted the balloting.

  • Northrop Thanks Its Employees, And More Heated Emails Friday, 20 Jun 2008 | 10:01 AM ET

    I reported it would happen, and it did: Northrop Grumman has called off indefinitely the groundbreaking ceremony for its new Alabama tanker assembly facility, originally scheduled June 28th.

  • Emails: You Weigh In On The Tanker Thursday, 19 Jun 2008 | 11:32 AM ET

    I asked for feedback on the tanker decision and I got it. Also, vote in the poll at the bottom.

  • GAO Tanker Decision: What Analysts Are Saying Wednesday, 18 Jun 2008 | 4:13 PM ET

    Analysts were surprised, at least a little, that Boeing won its challenge alleging the Air Force was wrong in awarding the $35 billion tanker contract to Northrop Grumman/EADS.

  • Boeing, Northrop Statements On Tanker Ruling Wednesday, 18 Jun 2008 | 3:16 PM ET
    Boeing Headquarters

    Boeing was informed today that the Government Accountability Office (GAO) found in Boeing’s favor on a number of issues related to its protest of the U.S. Air Force’s award of a $35 billion contract to supply the service with its next-generation aerial refueling aircraft – or KC-X tankers – to begin replacing the current fleet of KC-135 tankers.

  • Northrop Grumman

    I'm hearing the Government Accountability Office will not decide on the Boeing challenge to the $35 billion tanker contract today. That probably means it WILL happen today (kidding, I think). The decision may come down tomorrow.

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