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EADS Seeks U.S. Partner for Tanker Pact

Airbus parent EADS will compete head-to-head with Boeing for a U.S. military refueling plane contract worth up to $50 billion and said it's in discussions with potential U.S. partners.

NEW YORK (

TheStreet

) --

Airbus

parent

EADS

will compete head-to-head with

Boeing

(BA) - Get Boeing Company 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.

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EADS CEO Louis Gallois said Wednesday "it is indispensable to have a partner,"

Reuters

reports.

EADS, along with

Northrop Grumman

(NOC) - Get Northrop Grumman Corporation 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.

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