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: AFL-CIO NOW BLOGBreaking News: Boeing Wins $35 Billion Tanker Contract
By James Parks
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The Air Force has given a major boost to U.S. job creation by awarding a $35 billion contract to build the next generation of air refueling tankers to Boeing Co. The announcement was made at the Pentagon late this afternoon after the financial markets closed.
Boeing was locked in a competition with European-based EADS, which builds the Airbus, for what is the largest contract in Air Force history.
Boeing said the tanker win would mean a total of 50,000 good union jobs across the country. The Air Force delayed the awarding of the tanker contract until after the November elections.
The Air Force has tried for nearly a decade to replace its aging fleet of Eisenhower-era tankers, the equivalent of a flying gas station.
Full post as published by AFL-CIO NOW BLOG on February 24, 2011 (boomark / email).
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