L-3 Communications Holdings has backed away from joining Airbus parent EADS to bid on a contract to supply aerial refueling tankers to the U.S. Air Force, according to a report by Reuters.
With L-3 out of the running, EADS is “working fast to seal a teaming agreement with another U.S. company,” the report said, citing sources familiar with the situation.
EADS has asked the Pentagon for an extension on the deadline to submit bids so it can find another partner after Northrop Grumman dropped out last month. Northrop would have offered an Airbus aircraft.
EADS hopes to make an announcement next week, according to sources following the issue, Reuters said.