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Up in the Air: Reduced Aerospace Spending

Boeing and EADS are bidding and counter-bidding to replace the USAF's Eisenhower-era tankers. Despite this, the aging planes remain incongruously aloft, refuelling fighter jets half a century their junior. Retired Canadian Air Force Lieutentant General Ken Pennie speaks to Ian Duncan about the procurement process and explains why signs of reduced spending in the long term could lead to more problems for aerospace manufacturers in the future.


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