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Friday, July 11, 2008

Boeing takes off as Airbus lands hard

The decision by US Defence Secretary Robert Gates to cancel one of the biggest US military contracts ever awarded to a European contractor could signal the beginning of a new and difficult transatlantic trade war – just when it isn't needed.

More certain is the taint of politicking and scandal behind the order for the consortium of Northrop Grumman and EADS to stop their work to build the new generation of US Air Force refuelling aircraft. It is now an issue in the US presidential race.

Earlier this summer, the Pentagon had awarded the $35bn contract for 179 aircraft, based on the Airbus A330.

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