Boeing disappointed at losing Air Force tanker contract

A Boeing spokesman says the company is disappointed at losing a $35 billion Air Force tanker contract to an Airbus-Northrop Grumman venture.

Spokesman Jim Condelles (con-DELL'-us) in Seattle says the company won't make a decision about appealing the award until it is debriefed by Air Force officials about their decision.

Boeing believes it offered the best value and lowest risk.

Today's decision means the Boeing 767 will eventually be phased out.

Condelles says the plane is still for sale and Boeing has 51 passenger and cargo versions of the plane on order.

Boeing has said the new 787 would take its place in the market.