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Defense, Despite Charges, And Services Are Bright Spots For Boeing But Commercial Troubles Outweigh

Cal Biesecker By
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Defense, Despite Charges, And Services Are Bright Spots For Boeing But Commercial Troubles Outweigh
A New Hampshire Air National Guard KC-46A Pegasus refuels five Marine Corp’s F/A-18D Hornets with the Marine All-Weather Fighter Attack Squadron 242, as the fighters returned home to Marine Corps Air Station Yuma, Ariz. from MCAS Iwakuni, Japan on Sept. 10, 2020, over the Pacific Ocean--the first official transoceanic coronet mission accomplished with a Pegaus refueler. The coronet involved 16 aerial refuelings of the fighters (U.S. Air Force Photo)

Boeing’s [BA] losses narrowed in the first quarter despite lower sales which were down on fewer commercial aircraft deliveries, but overall solid results in the company’s defense and services segments helped offset some of the commercial woes. The defense business did suffer somewhat on continued charges on programs with fixed-price development contracts, this time $122 million for the Air Force’s KC-46 aerial refueling tanker and $94 million for the service’s T-7 jet trainer. The T-7 completed climate lab testing in…

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