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August 23, 2008

Report: Boeing Leans Closer Towards Nixing KC-X Bid

Says Company Needs More Time To Develop Larger Entrant

Citing the length of time needed for the company to develop a competitive entrant for the Pentagon's revised KC-X contract bid for a new US Air Force tanker, Boeing says it will likely opt-out rebidding for the $40 billion deal -- ceding the competition to rival Northrop Grumman, and that company's partners at EADS.

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