No Reason to Kill Deal for Jets, Official Says
From Bloomberg News
The Pentagon’s inspector general found “no compelling reason” to scrap an Air Force deal to lease and buy 100 Boeing 767s jetliners for use as aerial refueling tankers.
Joseph Schmitz said in a March 5 draft report that the deal’s terms may need renegotiating because of “unsound acquisition and procurement practices.”
Schmitz was asked to review whether the deal should be killed because Boeing Co.’s former chief financial officer offered a job to an Air Force official negotiating the 767 deal.
Boeing shares fell 52 cents to $39.78 on the NYSE.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
