Boeing loses huge military contract

After the market close, the US military announced that it was giving its new tanker refueling contract to Airbus parent EADS and Northrop Grumman Company NYSE: NOC). The market believed that The Boeing Company (NYSE: BA), which has been supplying tankers for years, was a lock to get the deal.The news is a stunning turnaround for Airbus since its planes will be adapted for military use. A year ago the European airframe company was in real trouble because of product delays. But, the tables have been turned recently. Boeing has been slow getting its new Dreamliner to customers. The plane has been delayed twice.

According to The Wall Street Journal “Under the contract, the Northrop-led team will build up to 179 tankers based on the Airbus A330 jetliner.” The deal is valued at $40 billion.

Shares in Boeing are down over 3% after hours and NOC is up 5.7%.

This is unbelievable !
At a time when we are on the brink of a recession, unemployment started to grow, and the EU persecuting and prosecuting our biggest companies, our government hands a foreign company a $40,000,000,000 contract.
I wonder if somebody in the Pentagon got paid off. Not only are we giving away billions of dollars. How about the jobs that are being lost, over 4 thousand! Also the military technology these country’s are getting with the contracts!

THIS IS OUTRAGEOUS!! PEOPLE SHOULD WRITE THEIR CONGRESSMAN AND  LET THEM KNOW THAT YOU ARE VERY UNHAPPY WITH THIS CONTRACT!

mickmck707

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