Dow
     -89.23
12801.23
-0.69%
 |
S&P 500
     -9.31
1342.64
-0.69%
 |
Wil 5K
     -108.90
14000.51
-0.77%
 |
Nasdaq
     -23.35
2903.88
-0.80%
 |
EAFE
     -1.03
53.27
-1.90%
 |
OPEC Oil
     +1.09
116.27
+0.95%
 |
10Y Yield
     +0.01
2.01
+0.42%
February 9, 2009 6:00 PM

U.S. DoD Not Positive on Murtha's Split Tanker Award Idea

By
Matthew Potter
(MoneyWatch)  A few days ago Congressman Murtha, the powerful Democratic head of the House Appropriations Subcommittee for defense, suggested awarding a contract to Boeing and EADS to buy tankers. This is a plan fraught with issues especially for a small buy. Now the Pentagon has come out and said that it is not a good idea. Reuters reports that the current acquisition head, John Young, says that a split buy will increase development costs and negate the whole idea of competition. The Pentagon is confident that the new contract will be awarded in 2010. Of course some argue that the dual award will prevent protests that have delayed the contract.

© 2009 CBS Interactive Inc.. All Rights Reserved.
.
Scroll Left
Scroll Right More »
CBS News on Facebook
  • Building You a Better Morning

  • CBS This Morning

    "CBS This Morning," anchored by Charlie Rose, Gayle King and Erica Hill, airs weekdays from 7 to 9 a.m. ET and at the same time in other time zones.
    Learn more...