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Air Force

Boeing Takes Hefty Charge On KC-46 Tanker But Net Income Soars With Tax Items

By Cal Biesecker

Wednesday, July 23rd, 2014

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Boeing Takes Hefty Charge On KC-46 Tanker But Net Income Soars With Tax Items

Boeing Chairman and CEO Jim McNerney. Photo: Boeing

Boeing [BA] on Wednesday said that its net income in the second quarter climbed more than 50 percent with the help of some favorable tax resolutions, although the company disclosed a steep charge related to engineering issues with the development of a new aerial refueling tanker for the Air Force. Jim McNerney, Boeing’s chairman and CEO, stated that the issues on the KC-46A Tanker aircraft are “well understood” and have to deal with wiring but that “challenges resolving engineering and…

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