NEW YORK ( TheStreet) -- Airbus parent EADS will compete head-to-head with Boeing (BA - Get Report) for a U.S. military refueling plane contract worth up to $50 billion and said it's in discussions with potential U.S. partners.
EADS North America said it intends to submit a proposal in July.
EADS CEO Louis Gallois said Wednesday "it is indispensable to have a partner," Reuters reports.
EADS, along with Northrop Grumman (NOC - Get Report), won a previous contest in 2008 for the refueling plane contract. Boeing appealed the award, the award was overturned and Northrop Grumman pulled out of the bidding.Follow TheStreet.com on Twitter and become a fan on Facebook.