AIX-EN-PROVENCE, France -- EADS, the parent of Boeing ( BA) archrival Airbus, still hopes to win a Pentagon tanker contract despite a World Trade Organization ruling that Airbus received illegal subsidies from European governments.

Louis Gallois, the CEO of EADS said Saturday at an economics conference in France that the European Commission is likely to appeal the points of the WTO ruling that it lost, the Associated Press reported. Gallois also said that 70% of Boeing's claims were rejected by the WTO.

Both EADS and Boeing are battling over what the ruling means and claiming victory.

On Saturday, Gallois said the ruling found that low-interest government loans used to develop the Airbus plane on which its tanker program would be based are legal, the AP report added.

But Boeing says that those loans -- which are often referred to as "launch aid" -- were determined to be illegal for every Airbus program.

The Pentagon contract is for 179 tanker planes. Bids are expected from Boeing and EADS' North American arm by July 9, the report noted.

Shares of Boeing finished Friday's session down 32 cents at $61.94.

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This article was written by a staff member of TheStreet.com.

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