AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: Philip Dine
May 3--WASHINGTON--Air Force officials said Tuesday that they have rejected a Boeing proposal to build 60 more C-17 military transport planes for about $9 billion. The Air Force called the company's unsolicited offer too expensive and said that the terms and conditions of the proposal were unclear.
But Boeing maintained that its guaranteed price of $149 million for each plane would constitute a substantial savings for the Air Force. C-17s being currently built for the Air Force by Boeing cost about $25 million more apiece. The C-17 is the biggest ticket item now being built by Boeing's military aircraft division, which is based in St. …