WASHINGTON, June 22 (UPI) -- Europe's biggest aeronautics company will build an assembly plant in Mobile, Ala., if it wins a Pentagon tanker-refueling contract.
European Aeronautic Defense & Space Co. is competing with a group led by Boeing Co. for the Pentagon contract, which seeks to modernize more than 500 refueling planes, the Wall Street Journal reported Wednesday.
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The Franco-German company has provisionally teamed with Northrop Grumman Corp. of Los Angeles to break Boeing's lock on the Pentagon's tanker business.
EADS plans to invest as much as $600 million and employ 1,000 people if it wins the contract.