Gates regrets Northrop Grumman’s pull-out
U.S. Defense Secretary Robert Gates says he regrets that a major defense contractor has pulled out of the contest to build a badly needed new Air Force plane.
And he warns that the lone surviving bidder shouldn’t expect to be able to pad the check.
Gates told a military audience today that he wishes Northrop Grumman had chosen to place a bid on the $35-billion contract to build refueling tankers for the Air Force. The defense giant pulled out of the bidding Monday.
Gates says the Pentagon will be “sharpening our pencils” when it comes to negotiating a deal with the surviving bidder, Chicago-based Boeing. He says the lack of a head-to-head competition shouldn’t further delay the program.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- MBJ Special report: MDA numbers help with cities’ retail pitches
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- COO of TL Wallace Construction keeps eye on revenue growth and profits
- RAISING AWARENESS — Lori Newcomb, family join fight against ovarian cancer
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- DREAMS AND OYSTERS — Houstons set for August opening of Saltine in Fondren