The European defence contractor, EADS, has submitted a new bid to supply refuelling aircraft for the US Air Force. Arch-rival Boeing's bid is expected to be delivered to the Pentagon soon. The contract, which has been long delayed, is worth $35bn (£23bn). Earlier, a long-running World Trade Organisation (WTO) investigation into whether Boeing receives illegal subsidies from the US government postponed its decision on the matter. Both the US and the European Union have reported each other's companies to the WTO, alleging illegal subsidies. The WTO has already ruled - at the end of June - that the EU had paid illegal subsidies to the EADS subsidiary, Airbus. The EU and Airbus criticised the delay over the Boeing decision. The time lag between this case, and the United States case against support to Airbus... has constantly increased over the six years this dispute has been running and the gap is now at nearly a year, the EU's executive Commission said.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
No comments:
Post a Comment