Friday, May 28, 2010

Measure a blow to EADS

The U.S. House on Thursday night adopted a measure to force the Pentagon to consider the role of illegal subsidies in the contest between Boeing and EADS to sell refueling tankers to the Air Force. A decision by the World Trade Organization in a dispute over large aircraft found that the European company had received subsidies. The measure must pass several other steps, including reconciliation with a companion defense bill in the Senate. The Pentagon has resisted considering the ruling. (Source: Financial Times, 05/28/10) Gulf Coast note: EADS wants to assemble the tankers in Mobile, Ala.