Business, Press Releases, Technology - Tuesday, March 9, 2010 0:11 - 0 Comments

Boeing looks to be winner of tanker war

After fighting for nearly a decade to win one the largest military contracts in U.S. history, Northrop Grumman Corp. announced Monday that it was dropping out of the competition.

That leaves Boeing as the only announced bidder, making it the likely winner of the $35 billion contract to build aerial refueling planes for the Air Force.

Northrop complained that the government’s requirements favored the smaller plane that Boeing planned to offer. Northrop’s executives also have questioned whether the contract would be profitable enough given the Pentagon’s insistence on setting a final price before the design and testing were completed. Full Press Release…