Boeing may opt out of bidding for Air Force tankers

A Boeing Co. team will meet today with government procurement officials to discuss specifications for the Air Force's next-generation tanker, against a backdrop of reports that Boeing may drop its bid for the $100 billion contract.

Aviation Week magazine reported that Boeing was considering withdrawing from the bidding process over concerns that project specifications favor a competing bid built around an Airbus model. Airbus' parent company -- the European Aeronautic Defence and Space Co. --and Northrop Grumman Corp. are competing with Boeing for the contract.

But Boeing will wait to see what the Pentagon's final requirements are before making a decision, people familiar with the company's thinking said.

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