This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boeing Will Win, EADS Will Lose, Poll Says

NEW YORK ( TheStreet) -- After having a roughly $35 billion U.S. Air Force aerial-refueling tanker contract reneged on by the government when its auditors decided to uphold U.S. rival Boeing's (BA - Get Report) protest against the 2008 agreement, Airbus' European parent EADS looks to be gunning for the contract again, this time without partner Northrop Grumman (NOC - Get Report).

The latter had bowed out of the latest bidding race, citing an uneven playing field favoring Boeing.

As the industry anxiously awaited news confirming that EADS would indeed bid for the latest contract and that the Pentagon would indeed grant the company a 90-day extension to have more time to prepare for a bid -- while already having granted the company prime-contractor status -- we asked TheStreet users whether the odds are stacked against EADS in winning the refueling plane contract.

The results were strong: Some 78.9% of respondents felt that Boeing has a clear advantage and will win the contract, while a mere 21.1% felt that EADS still has a legitimate and fair shot at winning the bid.

Since we put out the poll and began tallying your responses, the government conveyed a readiness to extend the bidding deadline for the contract, though not by the number of days that EADS had hope for. The Airbus parent was asking for 90 more days, but the Pentagon appears set to grant it 60 more days, until July 9, if EADS decides to go ahead with an official bid -- much to Boeing's chagrin.

As Boeing awaited the final bidding deadline decision, the company announced that it was "fully prepared" to present a proposal by the original May 10 deadline, but would "review all of our options for going forward while we wait for a final determination on a deadline extension."

A Boeing spokesman didn't clarify what exactly the company meant by this, according to the Associated Press, but Lexington Institute defense analyst Loren Thompson told the AP that he interpreted it as to mean that if Boeing feels that anything is being done to advantage its competitor, it will file a protest or take other legal action.

In a statement on April 1, Boeing said "we do not see a legitimate reason for EADS's bid deadline extension request, and we believe an extension that favors any individual competitor does not further the goal of ensuring fair competition."
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $118.76 0.82%
NOC $188.70 0.74%
AAPL $95.81 0.86%
FB $102.13 2.60%
GOOG $695.41 2.60%


Chart of I:DJI
DOW 16,148.81 +134.43 0.84%
S&P 500 1,874.80 +22.59 1.22%
NASDAQ 4,351.1890 +82.4260 1.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs