GAO Upholds Boeing Protest Over $35 Billion Tanker Contract

The Government Accountability Office (GAO) upheld a protest by Boeing on Wednesday over a $35 billion tanker contract by the Air Force.

The $35 billion tanker contract was one of the richest contracts in Pentagon history.

The GAO found the Air Force made "a number of significant errors that could have affected the outcome of what was a close competition between" Boeing and Northrop Grumman Corp., who was paired with EADS.

The Air Force "conducted misleading and unequal discussions with Boeing," telling Boeing that it met the qualifications of a performance criteria, but later recanting that Boeing had only partially met the objective, according to the GAO report.

On February 29, the Air Force selected the team of Northrop Grumman Corp and EADS to build 179 midair refuelers over the next 15 years to replace its aging KC-135 tankers.

Soon thereafter, Boeing launched a protest to dispute the Air Force's decision.

For more Business News, please go to http://news.yourfindit.com/NewsList.aspx?cat=1&wcat=3

About YourFindit

YourFindit Community provides you with the opportunity to become a member and network with other members. Businesses and Individuals can sign up to create a profile that includes their own company news, blogs, pictures, videos, company information (About US), employment opportunities, networking opportunities and more; all accessible to visitors to their profile. Companies and individuals who already have an account through TransWorldNews/Finditt can simply sign in with their same username and password and their uploaded content will appear in their profile.

To create your account simply sign up and within minutes you too can have a business networking profile that attracts new members daily. Exclusive Ad Profiles are available to all members, preventing outside advertisers from appearing on your profile pages with the exception being ads within your network. Members can also select from content such as news and pull in the categories they select to display on their page. Sign Up and Create YourFindit profile where Your space is really Your Space.

Join the brand-new business networking community, YourFindit, and create your profile