Dec 25th, 2008 · Pirates have commandeered tankers full of oil and even boarded cruise ships to make a buck. But international police forces are hot in pursuit. Corey Flintoff gives us the view of the hunt for pirates in the Gulf of Aden from aboard a French frigate. (3:30)
Nov 18th, 2008 · Somali pirates have seized their biggest prize to date — a supertanker loaded with $100 million worth of Saudi oil. Meanwhile, the U.S.-backed Somali president warns his government is losing its hold on power.
Sep 10th, 2008 · The Pentagon told lawmakers Wednesday that it will not award a $35 billion contract for a new refueling tanker. The announcement puts on hold the intense competition between Boeing and Northrop Grumman to replace the Air Force's aging fleet.
Jul 9th, 2008 · Defense Secretary Robert Gates says he plans to reopen a multibillion dollar Air Force contract to build a new fleet of aerial-refueling tankers. The contract was originally awarded to Northrop Grumman Corp. and Europe's EADS. Boeing Co. appealed.
Jul 9th, 2008 · Iran's missile test comes during the same week that the U.S. made progress on a missile defense system in Europe. One of the system's goals would be to defend against Iran's missiles. Meantime, the Pentagon is expected to announce whether the Air Force will take new bids to build refueling tankers.
Jun 26th, 2008 · The U.S. Supreme Court ended a 14-year lawsuit Wednesday when it cut the award in a punitive damages case against Exxon. The lawsuit was brought by 30,000 people who suffered economic loss when a tanker leaked 11 million gallons of oil into Alaska's Prince William Sound in 1989.
Jun 19th, 2008 · A government report has found significant errors in the awarding of an Air Force contract for refueling tankers. The deal, worth nearly $40 billion, went to Northrop Grumman and its European-based EADS. But Boeing's appeal gains traction.
Jun 18th, 2008 · The Government Accountability Office Wednesday upheld Boeing's protest of a $35 billion Air Force tanker contract awarded to Airbus and Northrop Grumman. The decision is not binding but there may now be pressure on the Air Force to re-examine the deal.