1:35 PM: Breaking: KC-X Tanker Announcement 5 PM ET Friday
UPDATE 3:45 PM: FlightBlogger will be covering the announcement live (as possible) at 5 PM ET from The Pentagon. I will make the complete audio of the press conference available following the conclusion of the event.
Secretary of the Air Force Michael W. Wynne and Vice Chief of Staff of the Air Force, General Duncan J McNabb will be announcing the winner of the KC-X contract.
UPDATE 4:23 PM: Bloomberg is reporting Northrop has won the contract.
UPDATE 5:37 PM: Just left the Pentagon - The Air Force has announced that Northrop Grumman and EADS has won the KC-X contract. The new tanker, according to Air Force officials will begin test flights in 2010 followed by operational capability by 2013.
UPDATE 6:50 PM:
UPDATE 11:09 PM: Commentary from Scott Hamilton