moreluck
golden ticket member
UPS has got to be asking why did FedEx get the lion's share of this award???
AP
Air Force Awards $2.3B in Air Fleet Deals
Monday September 18, 6:12 pm ET Air Force Awards $2.3B in Air Fleet Deals to FedEx, UPS and Others
WASHINGTON (AP) -- The U.S. Air Force on Monday announced the awards of international airlift services contracts worth up to $2.3 billion to support the Civil Reserve Air Fleet program.
The pacts, which were awarded to more than 10 airlines individually or as teams, will be used by the civilian businesses to support Defense Department airlift requirements in emergencies when the Pentagon's needs exceed the capabilities of military aircraft.
The contract awarded to the FedEx Corp. team, which also includes Atlas Worldwide Holdings, is worth a guaranteed $185 million and up to $1.02 billion, according to the Air Force.
The UPS Inc., team deal will earn at least $25 million and as much as $119 million, while Continental Airlines Inc., was awarded a contract for up to $10 million.
Shares of FedEx added $1.68 to end at $107.60, while UPS gained 11 cents to close at $72.62, and Continental lost 54 cents to $28.85, all on the New York Stock Exchange.
Atlas Worldwide gained a penny to end at $43.76 on the Nasdaq.
AP
Air Force Awards $2.3B in Air Fleet Deals
Monday September 18, 6:12 pm ET Air Force Awards $2.3B in Air Fleet Deals to FedEx, UPS and Others
WASHINGTON (AP) -- The U.S. Air Force on Monday announced the awards of international airlift services contracts worth up to $2.3 billion to support the Civil Reserve Air Fleet program.
The pacts, which were awarded to more than 10 airlines individually or as teams, will be used by the civilian businesses to support Defense Department airlift requirements in emergencies when the Pentagon's needs exceed the capabilities of military aircraft.
The contract awarded to the FedEx Corp. team, which also includes Atlas Worldwide Holdings, is worth a guaranteed $185 million and up to $1.02 billion, according to the Air Force.
The UPS Inc., team deal will earn at least $25 million and as much as $119 million, while Continental Airlines Inc., was awarded a contract for up to $10 million.
Shares of FedEx added $1.68 to end at $107.60, while UPS gained 11 cents to close at $72.62, and Continental lost 54 cents to $28.85, all on the New York Stock Exchange.
Atlas Worldwide gained a penny to end at $43.76 on the Nasdaq.
