RPT-French minister says US tanker affair not closed

Wed Mar 10, 2010 6:16am EST

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(Repeating to remove extraneous word from last paragraph)

PARIS, March 10 (Reuters) - A top French minister on Wednesday attacked the United States' handling of an aerial tanker contract, which has seen Europe's EADS EAD.PA drop out of the race, and said the matter was not over yet.

"This has gone beyond acceptable," said France's European Affairs Minister Pierre Lellouche, who was speaking after a ministerial meeting.

He added that as far as he was concerned, the multibillion-dollar matter was not closed and would lead to further developments.

Earlier this week, the Pentagon said it may speed up awarding the contract after Northrop Grumman Corp (NOC.N) and EADS EAD.PA pulled out, leaving Boeing Co (BA.N) as the sole bidder. [ID:nN09240185]

Northrop and EADS had won an initial bid for the contract but later lost after U.S government auditors upheld a Boeing protest.

(Reporting by Yann Le Guernigou and Emmanuel Jarry; Editing by Hans Peters)

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Comments (1)
ryder200901 wrote:
I have a big box of paper towels on my desk. You can have them do dry your tears with!

Mar 11, 2010 9:07am EST  --  Report as abuse
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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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