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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Neil H who wrote (1811)	9/26/1998 3:29:00 PM
From: Neil H	Read Replies (1) \| Respond to of 3763

Potentially good news from Smart Money interactive! BOEING MAY WIN $5 BILLION MILITARY ORDER ANKARA, Turkey -(Dow Jones)- Boeing Co. is seen as the front-runner to get the Turkish army's $5 billion contract to co-produce 145 attack helicopters, Turkish defense sources said Friday. They said Seattle-based Boeing's (BA) Apache helicopter is the only war-tested model among the five contenders, and the aircraft has a proven superior quality compared to its rivals, which include Paris-based Eurocopter SA and Italy's Agusta SpA. "Boeing will win the contract if it secures an export license from the U.S. Congress," a senior defense official said on condition of anonymity. He said Apache also has what he sees as the "political advantage over rival bidders." Turkey's relations with Paris turned sour in July after the French parliament voted to recognize the Armenian genocide. Its relations with the Italian government are on shaky ground following reports that the the political arm of the Kurdistan Workers' Party, which is fighting for an independent Kurdish state in southeastern Turkey, will be permitted to convene a so-called "Kurdish parliament in exile" in Rome on Sept. 29. In addition to Boeing, Eurocopter and Agusta, Bell Textron of the U.S. and Russia's Kamov are bidding to win Turkey's largest single defense contract. But defense sources say Boeing, Eurocopter and Agusta are likely to be short-listed before year-end, after all bidders hold demonstration flights in October. Under the deal, a total of 145 platforms will be manufactured at the Ankara plant of the Turkish Aerospace Industries (TAI). TAI, which currently manufactures F-16 fighter jets and CN-235 transport aircraft with U.S. and Spanish partners respectively, has been selected as the prime contractor for the attack helicopter project. Meanwhile, the cargo unit of Germany's Lufthansa ordered six Boeing MD-11 trijet freighters. Financial terms weren't released. Boeing said Lufthansa Cargo was exercising three options from a previous order and placing a firm order for three additional airplanes.