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U.S. markets recover from steep losses
WASHINGTON, March 8 (UPI) -- Boeing Co. is considering filing a protest over losing a $40 billion U.S. Air Force tanker contract to a joint venture of rivals Northrop Grumman and Airbus.
The Chicago-based aerospace giant lost the contract to a team formed by European Aeronautic, Defense & Space Co., the parent of Airbus, and Northrop Grumman, The Seattle Times reported Saturday.
Boeing executives that met with Air Force officials Friday said they emerged with "significant concerns" about the contract awarding process.
"What is clear now is that reports claiming that the Airbus offering won by a wide margin could not be more inaccurate," said Mark McGraw, Boeing vice president and program manager of the KC-767 tanker.
Boeing said it is considering filing a protest, the newspaper reported.
"Our plan now is to work through the weekend to come to a decision on our course of action early next week," McGraw said. "It will be a very rigorous and deliberative process to ensure we're balancing the needs of the warfighter with our desire to be treated fairly."
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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