Thursday, June 12, 2008

EXCLUSIVE-Air Force concedes errors in tanker estimates-Boeing

06.12.08, 1:35 PM ET

United States - By Andrea Shalal-Esa

WASHINGTON (Reuters) - The U.S. Air Force has conceded that Boeing (nyse: BA - news - people ) Co's proposed KC-767 aerial refueling tanker would cost less over time than the winning plane offered by Northrop Grumman Corp (nyse: NOC - news - people ) and its European subcontractor EADS, Boeing told auditors reviewing its protest against the Air Force decision.

News of Air Force errors in calculating the life cycle costs of the competing bids, which were also confirmed by Northrop, comes as the Government Accountability Office (GAO) prepares to rule by June 19 on the Boeing protest...

1 comment:

swissmiss said...

This whole thing is a complete mess. At least EADS had the contract, not China. (Trying to look on the bright side.)