"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, August 24, 2008

Boeing takes tanker bid to the wire - threatens to pull out and leave uncontested Grumman /EADS bid

The USAF tanker contract has already been awarded to Northrop Grumman. Intensive lobbying by Boeing had the contract re-opened.

Boeing now contends that because the government amended the way it plans to price the planes as well as the long-term expenditure of operating the tankers, that essentially this is a new bid for a new project. Sunmitting a re - jigged (rigged ?) bid for the smaller 767-200 - too small with too little capacity, the Boeing bid would again be defeated.

The Air Force's draft proposal announced Aug. 6 gives priority to "fuel capacity and offload, and our 767-200 doesn't fill that bill," Daniel Beck, a spokesman for Chicago-based Boeing, said in an interview with seattle.pi.com. Boeing would have to conduct multiple studies "to come up with a proposal that meets this requirement."

Boeing are now saying that without the deadline being extended beyond the original October 1 they won't bid and say they need six more months in order to properly bid.

Because of the contract size - US$40 Bn and considering Congress want a contested bid, Boeing are relying on the DOD being forced into accepting a delay.

The Wall Street Journal, on Friday say there are rumours of a compromise to extend the timeline by 15 days.

Not time to put out the flags in Alabama ... well not just yet.

PS : No news on the Dreamliner rollout under full power or first flight.

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