shares jumped in late trades on Thursday after the company unexpectedly won the $35 billion contract to build aerial refueling tankers for the Air Force.
The Pentagon announced the award after the market closed on Thursday.
Boeing shares closed Thursday at $70.76, up 53 cents. The stock was last quoted at $73.10, up 3.3%, in the after-hours session on volume of nearly 300,000, according to
Boeing's 767-based tanker was competing against a tanker based on the Airbus A330. The bidding war that ended Thursday marked the third try in a controversial process.
The first effort failed because of a scandal involving Boeing. The second time, the choice was a tanker built by
and Airbus, but congressional auditors found flaws in the bidding process. Northrop Grumman subsequently withdrew from the bidding.
-- Written by Ted Reed in Charlotte
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