Sponsored by
Associated Press
  •  

Airbus Americas spent $200,000 to lobby in first quarter

By Associated Press May 12, 2008 Comments (0)

0 Recommendations

Airbus Americas Inc. spent $220,000 in the first quarter to lobby on issues including legislation to reauthorize the Federal Aviation Administration and on a massive Air Force order for aerial refueling tankers, according to a disclosure report filed April 18.

Airbus, the leading rival to Boeing Co. in the airplane business, is owned by European Aeronautic Defence and Space Co., or EADS.

EADS and its U.S. partner, Northrop Grumman Corp., recently beat out Boeing for a $35 billion contract to supply the Air Force with 179 air-to-air refueling tankers that will be based on an Airbus plane. The deal is the first of three Air Force awards worth as much $100 billion to replace the entire fleet of nearly 600 tankers over the next 30 years.

Boeing, which has been supplying refueling tankers to the Air Force for 50 years, has filed a formal protest of the decision with the Government Accountability Office. And Boeing supporters in Congress have hauled Air Force officials up to Capitol Hill multiple times in recent months to explain their decision to award the contract to a team that includes a European company.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 642978, ~/articles/articlehandler.aspx, 7/5/2008 6:34:34 PM, No ticker

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

No, thanks

Related Tickers

The Boeing Company

BA Up! $64.47 +0.57 (+0.89%) 1:00 PM
CAPS Rating:
2886 Outperforms
265 Underperforms
Rate This Stock

Major Indices

S&P 5001,262.90+0.11%
DJIA11,288.54+0.65%
RSL 2K665.78 -0.98%
NASD2,245.38 -0.27%
Updated: 1:04:33 PM
Sponsored by:

The Motley Poll

Will the U.S. economy fall into recession?

Sponsored by: