Financial Times FT.com

EADS stuns Boeing with $35bn USAF contract

By Demetri Sevastopulo in Washington, Hal Weitzman in Chicago and Peggy Hollinger in Paris

Published: February 29 2008 23:36 | Last updated: February 29 2008 23:36

EADS, the European defence company, scored a stunning victory in its campaign to penetrate the US defence market on Friday by winning a $35bn to supply the US Air Force with refuelling tankers.

EADS and Northrop Grumman, its US partner, beat Boeing in a competition that could ultimately be worth more than $100bn. The winning team will initially supply 179 air-to-air refuelling tankers using a modified version of the Airbus A330 passenger jet. But the Air Force may select the same aircraft to replace its entire fleet of about 600 tankers over the coming decades.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this