NEW YORK ( TheStreet) -- Airbus parent EADS will compete head-to-head with Boeing ( BA) 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), 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.