Boeing (NYSE: BA) and its stockholders were counting on getting the US military contract to build new refueling tankers. The deal is worth $40 billion, and Boeing is the incumbent.
Things didn’t work out. Northrup Grumman (NYSE: NOC) and Boeing rival EADS, the parent of Airbus, won the contract.
Boeing shares are down 3.5% after hours to under $80. NOC is up 5.6% to $83.
Douglas A. McIntyre