Analysis: Northrop Unlikely to Pull Out of Tanker Contest

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By
Muhammed El-Hasan
on December 7, 2009 10:34 AM | | Comments (0) |

This seems like a reasonable analysis. But you never know until after the fact.

Northrop unlikely to drop Air Force tanker bid, analysts say

NEW YORK (MarketWatch) -- Northrop Grumman Corp. says it may pull out of the bidding to win the Air Force's next-generation aerial-refueling contract, but analysts expressed doubt Wednesday that the threat would stick.

"Northrop's decision to abandon the tanker bid versus Boeing is merely a posturing move in our view," said Credit Suisse analyst Robert Spingarn in a note to investors.

Read more on the Northrop-Boeing tanker contest.

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This page contains a single entry by Muhammed El-Hasan published on December 7, 2009 10:34 AM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

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Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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