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Breaking: Pentagon Cancels Tanker Competition

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The Wall Street Journal is reporting that the DoD has hit the stop button on the tanker contract:

The Department of Defense is calling off a hotly disputed $40 billion competition to replace its aging fleet of aerial-refueling tankers because officials don't think they can pick a winner before the next presidential administration as planned.

The decision is a major victory for Boeing Co., which had lost the initial competition in February to a team comprised of Northrop Grumman Corp. and the parent company of Europe's Airbus. Boeing's protest of that decision was upheld by the Government Accountability Office, leading to a new round of bidding.

President McCain or President Obama will be inheriting this mess. Any odds on bets that this becomes an issue in the Presidential campaign?

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