And thats how they came to be called and known as Euro-trash and Euro-bitches.
I understand that eads is not happy with this.
But the US has also lost a good opportunity to escape a single source situation.
Boeing will now sell an inferior product for a very good price and invest the residual money where ever they think future growth will be. The size of this deal will manfest a monopoly and this will certainly lead to a weakening of the forces since they will have to take whatever boeing offers.
So the result will be:
EADS and Grumman: Loose and will not establish an american branch and become more american -
Boeing: Big Winner - will increase monopolistic position.
Barack Obama: Wins.
His government toppled the plans of the GOP and will sell this as an all american and patriotic victory.
Air Force: Looses.
The US as a super power: Loose.
Because in the future there will be less opportunities for sourcing of large military projects - things will get later, more expensive and less functionable. Also the Air Force capabilities will be weakened in comparison to the alterntive.
The US economy - wins then looses.
Profits will appear in boeings books and even influence the trade gap positively (in my opinion the later is the driving component in this decission) - but profits will largely not be reinvested in the US - capital drains to china more quickly and the trade gap widenes.
It’s socialism at work - and it doesn’t work.