Politics & Government

February 29, 2008 5:03 PM

Airbus, Northrop Grumman win Air Force tanker contract

A European aerospace company and the Northrop Grumman Corp. Friday beat out The Boeing Co. and won a $30 billion to $40 billion contract to start replacing the Air Force's aging fleet of aerial tankers. The contract could be worth an estimated $100 billion as the Air Force replaces its fleet of roughly 530 mostly Eisenhower-era aerial tankers.

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