Business Services Industry
Boeing, Bush Administration Close to Agreement on $21 Billion Tanker Deal.
Knight Ridder/Tribune Business News, November, 2002
The Seattle Times Knight Ridder/Tribune Business News
Nov. 6--WASHINGTON--The Bush administration is closing in on a deal worth up to $21 billion to lease and later buy 100 Boeing refueling tankers based on the 767 -- a plan to update the aging Air Force tanker fleet while providing a much-needed boost for one of the company's struggling models.
Though the players say they are still negotiating details, some dollar figures emerged yesterday. Rep. Norm Dicks, D-Bremerton, confirmed the Air Force is advancing a plan to spend $17 billion to lease the airborne-refueling planes for six years each, taking delivery between 2006 and 2011.
At the leases' end, Boeing would guarantee a price of $4 billion for the 100 jets if the Air Force...
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