• Most Popular
  • Most Shared

EADS confident on U.S. tanker offer

SEVILLE, Spain
Thu Jun 26, 2008 5:15am EDT

Stocks

   

SEVILLE, Spain (Reuters) - The head of European aerospace group EADS (EAD.PA) said on Thursday he was committed to sustaining a deal to supply mid-air tankers to the U.S. Air Force after auditors upheld a challenge by rival Boeing (BA.N).

Stocks  |  Global Markets

Washington's General Accounting Office last week upheld a protest by Boeing on 7 counts against the $35 billion deal to supply converted Airbus jetliners as KC-45A refueling tankers, awarded to EADS and its U.S. lead partner Northrop Grumman.

"We are comfortable and confident that the KC-45 is the best solution to the U.S. tanker requirement," Chief Executive Louis Gallois told reporters.

"The GAO has raised issues of process only. It is now up to the Pentagon to address those process issues and move the procurement forward," he said.

"We have won this competition. We are committed to sustaining this win under the leadership of our prime contractor Northrop Grumman (NOC.N)."

Gallois was speaking before an inauguration ceremony for the A400M, a heavy lifter designed to meet shortfalls in airlift capacity among seven European NATO nations.

Development of the aircraft by EADS unit Airbus Military is 6-12 months late with a maiden flight expected in September.

(Reporting by Tim Hepher, Editing by Sudip Kar-Gupta)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article