Monday, August 19, 2013

Will Obama's Blunder Cost Boeing $20 Billion?

Don't look now, but the NSA spying scandal may have just claimed another victim. (Or it may not have.)
The Inter-Webs lit up this past week, over fears that spying at the Obama administration's National Security Administration could derail a planned multibillion-dollar arms deal between Boeing (NYSE: BA  ) and Brazil.
Boeing has been in the running to sell some 36 F/A-18 "Super Hornet" fighter-bombers to the South American nation, you see, competing against France's Dassault,and Sweden's Saab for the right to upgrade Brazil's air forces. It's a big deal, worth either $4 billion, or $7 billion, depending on whom you ask -- and worth anywhere from $11 billion to nearly $20 billion over time, as the winner of this contract will probably be tapped to supply a total of 100 new fighter jets that Brazil is projected to buy over the next 10 to 15 years.

http://www.fool.com/investing/general/2013/08/18/will-obamas-blunder-cost-boeing-20-billion.aspx

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