Posted on 07/02/2010 6:11:32 AM PDT by sukhoi-30mki
UPDATE 1-US, Ukrainian team dives into US tanker contest
US company teams with Ukrainian cargo plane maker
Says it can offer significantly lower price (adds details, quotes from filing)
WASHINGTON July 2 (Reuters) - A small U.S. company on Friday said it had joined forces with Antonov Co, a state-owned Ukrainian aviation company, to enter a hotly contested U.S. refueling plane competition valued at up to $50 billion.
U.S. Aerospace Inc said in a filing with the Securities and Exchange Commission that it signed an agreement on Thursday with Antonov, which makes the world's largest cargo planes.
The company said it had told the U.S. Defense Department on Thursday that the team expected to offer significantly lower prices than other bidders.
Boeing Co (BA.N) and Europe's EADS (EAD.PA) are locked in a fierce battle for the contract, which calls for the design and construction of 179 refueling planes to replace the aging U.S. fleet of Boeing-built KC-135 tankers, which are nearly 50 years old on average.
U.S. Aerospace said the new team also planned to bid for other U.S. military contracts, compete for work from other defense contractors, and sell Antonov aircraft, products and services in the United States.
It expects to bid three different models of Antonov aircraft, the AN-124-KC, AN-122-KC and AN-112-KC, which would be built by Antonov in Ukraine, with final assembly in the United States.
"We believe that we will be able to offer a superior aircraft at a significantly lower price than
(Excerpt) Read more at reuters.com ...
U.S. Aerospace Inc will discover that their product and pricing simply don’t matter.
How many congressmen do they own?
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