Subsidizing EADS

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Really, the more I read about the Air Force tanker contract, the better the deal looks for EADS. Basically, EADS will be building commercial Airbus A330’s and handing them off to Northrop Grumman for the sensitive mil tech upgrades that will make them USAF compatible. In other words, in addition to the European subsidies it already enjoys as a semi-national enterprise, EADS will now also be receiving a de facto American subsidy (ie. a guaranteed order for 179 planes) to establish a productive beachhead in the dollar zone. And with the Euro at a buck-fifty and climbing, that $600 mil […]

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