GAO begins hearing on Northrop/EADS tanker deal

May 6, 2008 00:00 by Admin

The U.S. Government Accountability Office (GAO) on Monday kicked off a hearing on Boeing Co's (BA.N: Quote, Profile, Research) protest of a $35 billion U.S. Air Force refueling aircraft contract won by Northrop Grumman Corp (NOC.N: Quote, Profile, Research) and its European subcontractor EADS (EAD.PA: Quote, Profile, Research).

A GAO spokesman confirmed the start of the hearing, but gave no details. The congressional agency, which reviews contract disputes, is due to rule on the case by June 19.

Full story here: http://www.reuters.com/article/marketsNews/idUSN0539240420080505


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