President of France Nicolas Sarkozy has indicated that the French-German firm EADS would submit a bid for a long-debated U.S. refueling plane contract if Obama’s promise of fair competition is upheld, according to Reuters.
“I said to (Obama), I trust you; if you tell me that the tender will be fair and transparent, then EADS will bid and we trust you,” said Sarkozy at a joint press conference with Obama.
France holds a 15 percent share in the French-German company, but has no influence on the firm’s business operations.
Obama promised Sarkozy the process would be a fair one.
“So I maintain an arm’s length approach, but I have assurances from Secretary of Defense (Robert) Gates that in fact the rebidding process is going to be completely transparent, completely open, and a fair competition,” he said.