Aerospace Group:

Business/Financial

Future Air Force One, T-7A Trainer Hit By $1 Billion In Charges In Boeing’s First Quarter

By Cal Biesecker

Wednesday, April 27th, 2022

SHARE:

Future Air Force One, T-7A Trainer Hit By $1 Billion In Charges In Boeing’s First Quarter

Boeing President and CEO Dave Calhoun. Photo: Boeing

Boeing [BA] on Wednesday said two of its Air Force development programs, the VC-25B presidential transport plane and the T-7A trainer aircraft, suffered more than $1 billion in combined write-offs, adding to the steady drum beat of development challenges the company’s defense business has encountered on various programs. The $660 million hit to the VC-25B program was due to higher supplier costs, higher costs to finalize technical requirements, and schedule delays, Brian West, Boeing’s chief financial officer said during the…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]