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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 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.
U.S. auditors upheld Boeing's protest of the award of a $35 billion refueling-aircraft deal to a U.S.-European team that includes rival planebuilder Airbus, a U.S. lawmaker said Wednesday.
After last night's 39-point annihilation of the Lakers by the Celtics, a game which left LA's best looking like a mound of pulverized Kobe beef, I can tell you one person outside of Boston's who's smiling today: Shaquille O'Neal.
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.
Cramer makes the call on viewers' favorite stocks.
Boeing confirms to CNBC that the Air Force has admitted it got its math wrong on how much Boeing's tanker would cost over the long haul. Boeing says this validates what it's been saying for months in challenging the $35 billion contract award to Northrop Grumman and the European parent of Airbus.
It's been a year since I started reporting on "the biggest defense contract of 2007," except now it'll be "the biggest defense contract of 2008." Or maybe 2009. The $35 tanker deal has taken more odd turns than a lost UAV, including...
Lockheed is the nation's biggest defense contractor. Boeing is second. Stevens, speaking at a defense conference in Brussels, says protectionism is bad, open competition is good, and companies which depend on government regulations to keep out foreign competitors will grow weaker until they are "protected to death."
We've been telling you about the Boeing fans behind the Tanker War Blog. Today's lead story there is the insider trading investigation of former EADS Co-CEO Noel Forgeard, complete with cartoons.
Strike three for Boeing, after losing another huge contract. The deal to provide the Pentagon with up to a dozen next generation satellites—worth $1.4 billion—went to Lockheed Martin.
Thousands of Northrop Grumman workers are celebrating their tanker win today in Los Angeles -- even though the deal is on hold as the U.S. Government Accountability Office examines a Boeing challenge. We're at the party and I hope to post video later. As I've blogged many times, Boeing isn't rolling over on this one.
Atom Films is again hosting a contest for "Star Wars" fan films, except this year the winners will be aired on Spike TV. Fans have been spoofing or reconfiguring the movies for years, and, at some point, George Lucas realized copyright be damned! The smartest move was to embrace the love. Also: Your e-mails re Boeing.
The Government Accounting Office has one month to go in deciding whether the Air Force tanker decision should be allowed to take flight or remain grounded. As the clock ticks down, the rhetoric ticks up, just as it did before the original decision, which ended in a surprise win for Northrop Grumman/EADS.
A host of news out of France on Tuesday, with Alstom down more than 2 percent on reports that officials are investigating it for bribery.
Things have changed since I filed the post yesterday on the Tanker War Blog created by supporters of Boeing's challenge to Northrop Grumman -EADS winning the tanker deal! The web site's poll on whether Congress should nix the current deal has changed leads. Boeing fans have charged ahead.
Defense giants Boeing and Northrop Grumman keep going at it over the Air Force tanker deal. This as the clock ticks down on a Government Accounting Office investigation into whether the current decision should stand.
Following are the day’s biggest winners and losers. Find out why shares of Smithfield Foods and Compuware popped while Manitowoc and Las Vegas Sands dropped.
The new tanker being put forward by Northrop Grumman and EADS is supposed to include a new system to defend itself from attack. Good thing. Seems a lot of defense has been necessary ever since Northrop and the Airbus folks beat out Boeing to win the massive contract.
Does Wednesday’s surprisingly strong ADP jobs report signal that the economy is already rebounding?