Military Tanker Award May Have Served US Interests (GE)(BA)(NOC)

Posted: March 2, 2008 at 6:59 am

A number of politicians and other patriots were worried that the US military awarding of a contract to build tankers may not have been good for US industry. The contract went to American firm Northrop Grumman (NYSE:NOC) and EADS, the French-based owner of Airbus.

Boeing (NYSE:BA), the predicted winner, was left out in the cold.

Some of these concerns miss a critical point. GE (NYSE:GE) will get an order for almost 400 jet engines as part of the larger contract. That is worth about $5 billion.

Douglas A. McIntyre

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