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Pensacola Real Estate Breaking News: Boeing Wins Air Force Tanker Award Protest

The Government Accountability Office (GAO) said today in Washington that they are going to sustain Boeing’s protest of the awarding of the $35 Billion U.S. Air Force contract to Northrop Grumman-EADS. The GAO believes Boeing deserves another chance to bid on the contract because they feel the Air Force made a significant number of errors that may have affected the outcome of the awarding of the contract.

 The GAO ruling is not binding. However, failure of the Air Force to revisit the bidding will not sit well with Washington politicians who were complaining about the award. Of course, all of these politicians were from areas of the country that stand to benefit from the contract award going to Boeing. Politicians in the Pensacola Florida and South Alabama area obviously will feel differently about this turn of events.

More on this story can be found at Bloomberg  or MSNBC.

Anticipation of this contract has been high in the Pensacola Florida area. Real estate prices are moving up in Mobile Alabama, and the Pensacola area was hoping to reap some of the benefits of the large contracts coming into Mobile, namely the Air Force tanker contract and the new steel plant. It remains to be seen how this protest award will affect the movement of the economy in Mobile.  Thus far the work in Mobile has not appeared to have any effect on Pensacola real estate prices.

The Mobile steel plant is already in the construction phase. They are currently hiring workers for the contruction of the plant. The pay scale looks good also. I know of someone who was offered $22 per hour to drive a dumptruck for the construction site. He would work 12 hours per day, 6 days per week. That is extremely good pay for our area.

In addition, the Alabama economic development council is looking for land for industrial parks for suppliers who hope to supply the steel mill and the airplane plant.

I will provide updates here on Pensacola Real Estate News as they become available. What is happening in Mobile will have an effect here. Let’s hope for the best. 

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