Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Funny Business Video Gallery
Discussing the auto industry's big push for capital in Washington, with CNBC's Jane Wells, Phil LeBeau & Scott Cohn.
Small businesses are getting hit especially hard during this economic downturn. Scott Hauge, CAL Insurance president, di...
See All PostsFunny Business with Jane Wells
Text Size
Feb.27
5:16 PM ET
Wednesday, 27 Feb 2008
Boeing Or Northrop? When Will Congress Decide On Defense Contract?

Every day I’m told that the final decision on the Air Force’s $40 billion tanker deal will come down around 5 pm ET. And every day we start getting word around lunch that “it’s not going to be today.” Every. Day. This. Week.

It was supposed to happen today, again. Now, we’re hearing Friday.

The most amazing thing about this story is that the name of the winner hasn’t leaked out. Which makes me think that Pentagon officials maybe really haven’t made a final call! This despite a final review on Monday by the Defense Acquisition Board. This thing is the biggest defense secret since using Patton as a decoy during D-Day!

Monday, Washington Senator Patty Murray scheduled a news conference about the tanker for 4:30 pm ET. If Boeing [BA  Loading...      ()   ] wins, much of the work will be done in her state. But why would she schedule a news conference about the tanker before we knew a winner? Did she know something? The news conference was cancelled when it became clear the Air Force would not announce a decision Monday. Then, yesterday, EADS stock (traded in Europe) jumped on speculation from analysts that the Northrop Grumman [NOC  Loading...      ()   ]  /EADS team would win at least a piece of the tanker deal.

Then there's Boeing’s “virtual border,” which I reported about last week. The National Journal's Congress Daily reports the Government Accounting Office will testify today that Boeing's system of towers and cameras along 28 miles of Arizona border hasn’t performed to expectations. The GAO criticizes Boeing for building a system without input from the very people using it, Border Patrol agents.

While the Department of Homeland Security says the test system only cost $20.6 million, Congress Daily reports the GAO says Boeing was actually paid $1.2 BILLION if you throw in all the “task orders” for supplies and supply chain management.

OSCAR DE LA HOYA TO FIGHT STEVE FORBES

That headline nearly gave me whiplash as I did a double-take. But the Steve Forbes in question is not the same Steve Forbes you see on CNBC. (Compare their photos) De La Hoya is not going to the mat over the flat tax.

Comments? Funny Stories? Email

© 2008 CNBC, Inc. All Rights Reserved

Permalink: /id/23374070

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis