Aerospace and defense company EADS said Friday it is considering a new bid for a $35 billion Pentagon contract for midair refueling tankers but will only compete if it has a fair chance against rival Boeing Co. A consortium of EADS and Northrop Grumman pulled out of the bidding ...

The Pentagon said it might extend a deadline for bids on a new aerial refueling tanker after Airbus parent EADS signalled it could return to the competition. Having been informed by EADS of its possible interest in the contract, the Defense Department "would consider a reasonable extension to the RFP (Request for Proposals) deadline," press secretary Geoff Morrell told AFP ...

Northrop Grumman Corp. said on Thursday that it issued layoff notices to 180 employees at its Hagerstown, Md., maintenance and modification center. Northrop said the notices went out because it expects a lull in work at the center. The company said it expects to finish current projects with ...

U.S. Defense Secretary Robert Gates said Thursday he regrets that a major defense contractor has pulled out of the contest to build a badly needed new Air Force plane. And he warned that the lone surviving bidder shouldn't expect to be able to pad ...