Boeing's Loss to Airbus Shows Us Market Is Open ; Aerospace

Summary


US defence giant Lockheed Martin's top executive yesterday said the awarding of a massive contract to a consortium including Europe's Airbus was a 'positive' development which shows the openness of the US market.

Bob Stevens, Lockheed's chairman, president and chief executive, made the comments amid a heated debate in the US about a EUR35- billion contract to Airbus parent EADS and its US partner Northrup Grumman at the expense of Boeing.

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Boeing's Loss to Airbus Shows Us Market Is Open ; Aerospace

Speaking at a security conference in Brussels, ...

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