Report: Northrop Grumman/EADS will exit tanker bid
The Seattle Times is reporting that Northrop Grumman and its partner European Aeronautic Defence and Space Co. will pull out of the race for the $35 billion contract to supply the Air Force with a new fleet of refueling tankers.
The paper cites an anonymous source who says the official announcement will come after the stock market closes this afternoon.
There had been rumors that Boeing would eventually have the competition to itself after the Pentagon released the final request for proposals Feb. 24.
For the ST’s full report, click here.