Boeing defense business narrows losses as company battles MAX crisis
The aerospace giant chose to forego overall financial guidance for 2024 as it struggles with safety concerns in its commercial business.
Air Force One replacement tops $2B in charges as Boeing logs new losses
“These are disappointing results in the quarter and year to date. This performance is below our expectations and we acknowledge that we aren't as far along in this recovery as we expected to be at this stage,” said Chief Financial Officer Brian West.
Boeing CFO signals fresh losses in Q3 for contractor’s defense sector
Boeing Chief Financial Officer Brian West previously warned that it could take several years until the company’s struggling defense sector turns a profit.
Sentinel ICBM faces year delay, Air Force One and F-15EX also at risk: GAO
A new watchdog report warns of a year-long delay for America's next ICBM, as well as potential schedule slips for F-15EX, KC-46A and the Air Force One replacement.
Boeing hit with fresh $245 million KC-46A charge, erasing defense sector’s Q1 profits
The troubled tanker’s charges are now up to over $7 billion as Boeing wrestles to get its fixed-price development contracts on track.
Mattis Orders Air Force One, F-35 Reviews As Trump Opens Door To $60B DoD Budget Boost
WASHINGTON: After weeks of uncertainty and mounting evidence that only larger deficits were the path to a significant boost to the US military, President Trump has signaled the fiscal spigots will be opened in the interests of a larger and more capable US military. “I think it’s significant in signaling this is a priority among the […]
F-35s Likely Heading To Europe In 2017; Costs ‘Coming Down’: SecAf James
WASHINGTON: The Air Force’s F-35A will probably make its first operational deployment abroad “in the not too distant future… perhaps next summer,” heading to Europe to help NATO allies deter Russian aggression, Air Force Secretary Deborah Lee James said yesterday. In her endorsement of the F-35 and NATO, and her wariness of Vladimir Putin, Obama’s […]