Selection and Contract Negotiations
The Ministry of Defence (MoD) announced on 26 January 2004 that Air Tanker had been selected to enter into final negotiations to provide the RAF's FSTA.
Following aircraft selection the MoD began exclusive negotiations with the Airtanker consortium. However, beginning in April 2004, there were rumours about the fragile state of the contract negotiations. With continuing doubts over the FSTA programme, Marshall Aerospace, responsible for the conversion of the RAF's original TriStars, offered to buy and convert some of the large number of surplus commercial TriStars.
On 28 February 2005 the MoD named Airtanker as its preferred bidder for the £13bn contract.
Read more about this topic: Future Strategic Tanker Aircraft
Famous quotes containing the words selection, contract and/or negotiations:
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—Henry David Thoreau (18171862)
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—John Ashbery (b. 1927)