Return to EPI Newsroom | Browse news by TOPIC | Browse archived news by DATE | Search archived news releases by KEYWORD

Thursday, June 5, 2008

Air Force tanker decision will cost the U.S. at least 14,000 jobs

An Economic Policy Institute analysis [PDF] of competing bids for military air refueling tankers finds a significant difference in U.S. job creation between proposals by Boeing Company and Northrop Grumman/Airbus.

Boeing would likely create at least twice as many U.S. jobs as NG/Airbus under the $35 billion contract, according to EPI economist Robert Scott. The difference amounts to 14,000 positions.

In addition, the contract will give the winning bidder sizable advantages in future competitions. The Air Force expects to replace its entire fleet of aging tankers at an ultimate cost of $100 billion.

——————————————————————————–
For interviews or more information, contact the EPI Communications Department at 202-775-8810 or news@epi.org.

Click here for how to describe EPI.