Sign In
Search
Business/Financial

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

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

Anduril, Voyager Formalize Partnership As Shared Programs Move Into High-Rate Production

Trending

USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
21 Tranche 1, Transport Layer Satellites Delivered to Vandenberg, Northrop Grumman Says
Defense Watch: Munitions Shortages, IVEWS LRIP, Satellite Infrastructure
Baseline Designs for L3Harris’ Tranche 3 Missile Tracking Satellites Okayed
Lockheed Martin Vectis To Have ‘Almost F-35 Like Capabilities’

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume