The Government Accountability Office has denied a protest by
U.S. Aerospace Inc. (USAE) over the rejection by the Defense
Department of the California company's bid to build refueling
tankers for the U.S. military, CNBC reports Wednesday.
The ruling leaves rivals Boeing Co. (BA) and European Aeronautic
Defence & Space Co. (EAD.FR) as the remaining bidders for the
$35 billion contract for 179 refueling planes.
U.S. Aerospace, which proposed building the tankers with
Ukraine's state-owned Antonov Aeronautical Scientific/Technical
Complex, has said the Pentagon refused to accept the proposal due
to the timing of its delivery.
The GAO, the investigative arm of Congress, told CNBC on
Wednesday that it would have a statement about the protest shortly.
A decision on the awarding of the tanker contract could come as
early as next month, the cable channel reports.
Full story at: www.cnbc.com
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