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  • Northrop Grumman

    Both bidders in the $35 billion tanker competition met with Pentagon officials and said their piece over the new request for bids (the "RFP"). The difference in their responses afterwards may give you a clue as to how it went.

  • Cramer recommended stocks he thinks could see a gain going into the Republican National Convention.

  • American Airlines

    Boeing is keeping all of its options open in the air refueling tanker competition, disagreeing with an Aviation Week report that it is "strongly considering" dropping out, and your responses on  American Airlines' flight attendant investigation.

  • Boeing Headquarters

    The chances are "pretty good" that Boeing is truly considering the threat, because the new Pentagon request from bidders contains two things--a tanker ready next year, and a larger aircraft--which are both "bad for Boeing."

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    Aviation Week is reporting that Boeing is "strongly considering" not participating in the next round of bids for the air refueling tanker. This is not the first time someone has threatened to stop playing and go home. Last year, Northrop Grumman threatened to withdraw from the competition when it didn't feel it was being given a fair shot.

  • In this hand hout computer-generated image provided by Boeing shows the company's new series Boeing 787 Dreamliner, Wednesday, April; 27, 2005.  A senior Boeing Co. official on Wednesday brushed off the threat of European rival Airbus SAS's "superjumbo," saying orders for Boeing's smaller, more fuel-efficient Dreamliner were robust. (AP Photo/Boeing) ** EDITORIAL USE ONLY **

    Boeing has announced the first cancellation of an order for its delayed 787 Dreamliner, signaling that airlines may be getting impatient for deliveries of the new, fuel efficient plane.

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    The Pentagon has released its "draft" of requirements to Boeing and Northrop Grumman in what it wants in a new air refueling tanker, and, at first blush, advantage Northrop.

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    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.

  • Plus, Cramer explains why coal, and a lot of energy stocks, aren't buys anymore.

  • 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.

  • Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory.  Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.

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    U.S. Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman and EADS over Boeing was found to be flawed.

  • Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week.  Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.

  • 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.

  • 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.

  • Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week.  Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.

  • Traders appear reluctant to make bets before hearing earnings updates from companies. Is that an opportunity for you?

  • beoing_tshirt.jpg

    Northrop Grumman and EADS want to assemble the KC-45 tanker in Mobile, Alabama--assuming the Air Force ever buys one. With Boeing successfully challenging that award, a Mobile restaurant called Foosackly's (what?) which specializes in chicken fingers is putting up billboards and selling T-shirts...