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Article: Air Force deal a boon for Boeing
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 24, 2003
- Author:
CopyrightCopyright 2003 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Air Force deal a boon for Boeing
But critics say U.S. would pay too much
By MATTHEW DALY Associated Press
Saturday, May 24, 2003
Washington -- The Boeing Co., struggling financially since the
Sept. 11 attacks, won a $16 billion contract from the Air Force on
Friday to lease 100 modified 767 jetliners for use as refueling
tankers.
The deal is a major windfall for Boeing, but critics call it
little more than corporate welfare. The cost of leasing the planes,
which does not include a $4 billion purchase option at the end of the