In a much-awaited and long-debated announcement, the Pentagon said late Thursday that the Air Force KC-X tanker contract would be awarded to the Boeing Co. (NYSE:BA).
Boeing beat out European competitor EADS for the contract which involves the production of 179 aircraft. The contract for the first 18 aircraft, which are expected to be delivered by 2017, is valued at more than $3.5 billion; the total value of the contract is estimated at upwards of $30 billion, according to a Boeing spokesman. The air force said competition between the two companies to secure the contract was fierce.
Boeing beat out European competitor EADS for the contract which involves the production of 179 aircraft; the company is expected to deliver the first 18 aircraft by 2017.
The Air Force said competition between the two companies to secure the contract was fierce.
“Both offers were deemed to have met the mandatory requirements and were considered awardable,” Deputy Secretary of Defense William Lynn said in a news conference held following the announcement. However, in response to a question from reporters as to how close the competition was, Lynn elaborated, saying that “Boeing was a clear winner.”
Full Story
No comments:
Post a Comment