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PARIS (AP) - European plane maker Airbus will sign a contract Thursday to provide aircraft refueling tankers to the British military, the head of Airbus parent company EADS was quoted as saying in an interview.
Jean-Louis Gallois confirmed the deal in an interview with French daily Le Figaro.
"It's a new demonstration of the quality of our product that has won out five competitions in a row," he was quoted as saying. "We are very proud."
A report in French business daily La Tribune said the contract is valued at 18 billion euros ($28 billion).
The deal would come on the heels of EADS's February contract with the Pentagon.
Under the hotly contested deal, EADS beat out its U.S.-rival Boeing for the $35 billion contract to build refueling tankers for the U.S. Air Force.
Airbus has also landed similar contracts with the United Arab Emirates and Saudi Arabia and Australia.
Cisco Systems Inc., the world's biggest maker of networking equipment, said its data-center chief, Jayshree Ullal will leave the company.
Merrill Lynch & Co's head of structured finance and investments Michael Blum is leaving the company as the brokerage scales back its sec...
An analyst predicted a "smooth succession" for newly named Alcoa Chief Executive Klaus Kleinfeld, saying he expects him to make few radical chang...
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