Boeing completes B787 milestone, EADS down on military contract concerns –Supplier Share Wrap

EADS shares lost 2.4% in trading on Tuesday, amid news that two major military contracts are in danger of collapsing. EADS is partnering with Northrop Grumman for the USD35 billion US Air Force aerial tanker contract. Northrop Grumman said it could pull out of the competition with Boeing to supply the tanker, unless there were significant changes to the draft request for proposals. The US company claims the terms of the RFP favours a smaller aircraft and "places contractual and financial burdens on the company that we simply cannot accept".