Word: contracts
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...announcement by French aerodefense group EADS that it was pulling out of the bidding process for a $35 billion contract to supply midair refueling planes to the Pentagon sent shock waves across Europe this week. EADS, which was partnering in the bid with the U.S. company Northrop Grumman, based its decision on its claim that the competition had been rigged in favor of archrival Boeing - an accusation that spurred charges of unabashed American protectionism in Europe. Now, with both sides digging in their heels, what began as a transatlantic flap over the refueling-aircraft business is starting to sound like...
...refueling-aircraft issue is a grave infraction of the rules of fair competition between our economies," French Prime Minister François Fillon said Wednesday, March 10, during a visit to Berlin, where members of the German government echoed his belief that the Pentagon was going to award the contract to Boeing no matter which company had the better bid. "The American government, I'll say here and now, forced EADS to quit the competition." (See pictures of the aircraft NASA, Boeing and the U.S. Air Force are teaming up to develop...
...defense officials have defended their contract specifications, saying that the bidding process aimed to get the best aircraft at the lowest price. However, Commander Darryn James, a Pentagon spokesman, told Reuters, "We are disappointed that Northrop is not competing." He added that neither the decision by EADS and Northrop Grumman to drop out of the competition nor the fallout from it changes "the Defense Department's commitment to transatlantic defense ties." (Read "For the Arms Industry, India Is a Hot Market...
...These days, the company works with NBA stars like Baron Davis (who has a signature Li Ning shoe, the BD-1) and Shaquille O'Neal (who is under a five-year contract with the brand). But it still maintains its value-for-money approach to marketing - recently making a big push, for example, into badminton, a sport largely ignored in the West but played and watched by some 300 million Chinese. Li Ning - sponsored shuttlecock star Lin Dan graces billboards and TV ads around China, and the firm opened a "badminton paradise" last year in Singapore, its first international outlet...
...equal share of first place. Nowhere is this spirit more desperately needed than in Washington, D.C., oppressed by record snowfalls and blizzards of icy distrust. Enter Stephen Strasburg, the pitching phenom drafted first overall by the lowly Washington Nationals. A strapping fella with a record $15.1 million contract and a 103-m.p.h. fastball, Strasburg brings more heat than a Tea Party rally, with more spin than a busload of press secretaries. Washington feeds on the latest sensation. Remember that Obama kid from a while back? Switch hitter out of Chicago? All the righties complained that he favored the left side...