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Boeing: Pentagon R&D Decline A ‘Real Challenge’ To Industry

By Marina Malenic LONDON--Executives of the largest U.S. aerospace company expressed concern this week that diminishing expenditures on research and development for Defense Department programs and technologies could harm the defense industry's viability in the long run. Twenty years ago, the sector saw more than 10 new Pentagon development programs emerge, said Dennis Muilenburg, president and CEO of Boeing's [BA] defense business. "If you look back over the last decade, that's dwindled down to perhaps a handful," he said. "And…

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Congress Updates

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