:

Business/Financial

Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

By Cal Biesecker

Wednesday, July 31st, 2024

SHARE:

Boeing’s Losses Widen In Second Quarter On Defense Charges, Commercial Woes

The Boeing-built F-15EX achieved initial operational capability with the U.S. Air Force in July 2024. Photo: Boeing

A series of additional charges on four programs in Boeing’s [BA] defense group combined with further losses in the commercial segment led to wider earnings losses in the second quarter and sales also tumbled, the company reported on Wednesday. Losses in the Defense, Space & Security segment expanded to $913 million versus $527 million a year ago due to $1 billion in various charges on four programs, including $391 million on the Air Force’s KC-46A aerial refueling tanker stemming from…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]