| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Northrop Grumman Corp. > News item |
Fitch: Northrop, EADS, Boeing unchanged
Fitch Ratings said that the U.S. Air Force's announcement that it selected the Northrop Grumman Corp. (BBB+/stable)/European Aeronautic Defence and Space Co. NV (EADS, BBB+/F2/stable) team for the KC-45A aerial refueling tanker contract will not have a near-term impact on the ratings or outlooks of Northrop, EADS or Boeing Co. (A+/F1/stable).
Although Fitch said it had considered Boeing the favorite for the contract, there will likely be limited financial impact on any of the competitors in 2008 and only a modest financial impact in 2009.
In the intermediate term, the agency said that the contract outcome could contribute to credit quality trends at the three companies, noting that the contract is potentially worth $35 billion over 10 years and it is the first of three likely deals to replace the Air Force's existing tanker fleet.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.