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Reuters reports that Boeing Inc. (NYSE: BA) is signaling that it may not submit a bid for the $35 billion Air Force contract for Tankers -- airborne refueling vehicles. Is Boeing serious about not submitting a bid or is it using its leverage to get the Air Force to revise the bidding process to create a more level playing field?

The tanker contract has a long history. The Air Force awarded it this February to EADS, parent of Airbus, and Northrop Grumman (NYSE: NOC). Boeing protested the award citing errors in the way the process was run. The General Accounting Office (GAO) sided with Boeing. And the Air Force announced that it would rebid the contract. But many thought that the rebidding process favored the French company.

Now Boeing is considering not submitting a bid. If Boeing ends up not bidding, it will be an embarrassment for the Air Force, which was bending over backwards to change the specifications to keep Airbus and Northrop in the process so there would be two bidders. Or it might have been to satisfy Thomas Loeffler, an EADS lobbyist who headed up John McCain's finance committee. Regardless of why it was done, if Boeing doesn't bid, the Air Force will be in a tight spot.

Continue reading Will Boeing bail on bid for $35 billion tanker deal?

Will Boeing bail on bid for $35 billion tanker deal? originally appeared on BloggingStocks on Mon, 11 Aug 2008 15:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airbusboeingeadsgeneral accounting officeGeneralAccountingOfficeinthenewsjohn mccainJohnMccainnorthrop grummannorthrop grunmanNorthropGrummannorthropgrummannocNorthropGrunmanthomas loefflerThomasLoefflerMon, 11 Aug 2008 15:12:00 EST<![CDATA[Boeing's $15 B sale to Air Force in danger?]]>http://www.bloggingstocks.com/2007/02/27/boeings-15-b-sale-to-air-force-in-danger/http://www.bloggingstocks.com/2007/02/27/boeings-15-b-sale-to-air-force-in-danger/http://www.bloggingstocks.com/2007/02/27/boeings-15-b-sale-to-air-force-in-danger/#commentsFiled under: , , , ,

Just when all seemed blue skies for the Boeing Co. (NYSE:BA), the General Accountability Office has thrown a monkey wrench into Boeing's deal, potentially worth $15 billion, with the Air Force to supply it with 141 new search and rescue helicopters. The GAO has recommended the bidding be reopened due to inconsistencies in following established bidding rules.

Hearts must be soaring at Lockheed Martin Corp. (NYSE:LMT) and United Technologies Corp. (NYSE:UTX) which lodged the protest with the GAO after losing the bid despite offering what -- they claim -- to be superior products.

The Air Force choice last November of Boeing for 2019 delivery of the new fleet took some by surprise. Lockheed was thought the front runner, with a version of the President's US-101 chopper, Marine One. United Tech's Sikorsky had hoped to replace its Pave Hawk helicopters, currently used for this purpose, with its new generation S-92.

However, the Air Force chose Boeing's updated version of the CH-47 Chinook, which is to be built in Maryland. Lockheed's candidate would have had considerable non-U.S.-manufacturing.

According to the Wall Street Journal [subscription required], only about a quarter of all such protests lead to a decision change, so Boeing owners shouldn't panic yet. The company still has a good chance of pulling this deal out of its spin.

Boeing's $15 B sale to Air Force in danger? originally appeared on BloggingStocks on Tue, 27 Feb 2007 10:11:00 EST. Please see our terms for use of feeds.

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