Saturday, March 09, 2013

Beechcraft to Protest Air Force Contract Decision

AT-6B Texan II |Airplane maker Beechcraft Corp. said Friday it will formally protest an Air Force decision to award a competitor a contract worth more than $427 million, claiming the decision puts an estimated 1,400 jobs in Kansas and other states in jeopardy.

The announcement is the latest development in a bitter, high-stakes competition that has taken nearly three years with legal challenges from both sides. The contract could be worth as much as $1 billion, depending on future orders.

The loss deals a major blow to Wichita, Kan.-based Beechcraft as it emerges from bankruptcy protection.

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