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.    Read More

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.   Read More

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

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.    Read More

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.   Read More

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.   Read More

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

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.    Read More

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.    Read More

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.    Read More