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Boeing Chief Puts New Twist on the Status of Tanker Deal.

Knight Ridder/Tribune Business News, February, 2004

By David Bowermaster, The Seattle Times Knight Ridder/Tribune Business News

Feb. 7--The status of Boeing's plans to build 100 767 air-refueling tankers for the Air Force grew hazier yesterday when Chief Executive Harry Stonecipher said the company and the Defense Department have completed a contract for the first 20 jets.

Under a compromise reached last year between Boeing, the Defense Department, Congress and the White House, the Air Force would lease the first 20 767s and buy the other 80. The 20-tanker lease is ready to be signed once the Pentagon finishes investigating the deal, Stonecipher said.

At a Senate hearing earlier this week, Secretary of Defense Donald Rumsfeld said all tanker-related discussions with Boeing are off until...

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