March 1, 2208—In a surprising victory, Northrop Grumman Corp and the parent company of Europe’s Airbus won a contract worth up to $40 billion to build the US Air Force’s next fleet of refueling tankers. The Air Force’s decision deals a major blow to Boeing Co., while giving Europe’s largest defense company a landmark foothold in the US military market. WSJ A1
--Meanwhile, the falling dollar has another, underreported and underappreciated effect: It makes US shares much cheaper for foreign investors. This should attract more foreign buyers in due course—pushing [stock] shares back up. WSJ B1
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