“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.
“It's hard to make large capital investments when your business is not as healthy as it could be or you want it to be,” said Boeing's Steve Nordlund. “But that's the time that you also have to make those hard decisions, so you come out on the other side much stronger.”
Boeing’s KC-46A and MQ-25 Stingray demonstrate next-generation capabilities that are transforming the role of the tanker.
Boeing Chief Financial Officer Brian West previously warned that it could take several years until the company’s struggling defense sector turns a profit.
The aerospace giant’s defense and space division recorded new charges for NASA’s Starliner shuttle, the Air Force’s T-7A training jet and the Navy’s MQ-25 Stingray drone.
The troubled tanker’s charges are now up to over $7 billion as Boeing wrestles to get its fixed-price development contracts on track.
Paris Air Show attendees take note. The Navy needs more new strike fighters to cope with falling readiness rates. Will they be Super Hornets, F-35s or Block III Super Hornets? What mix does the US Navy need as it grapples with boosting the size of the fleet to 355 ships? And what about the MQ-25 […]
If you’re following the Navy’s new drone program, hold on to something. Keeping track of the various names of what used to be UCLASS and then became CBARS and is now the MQ-XX Stingray — or perhaps the MQ-25 — may make you as dizzy as keeping up with what the Navy plans to do with […]
WASHINGTON: More gas. Less stealth. Maybe weapons. New name. Same money. Tighter schedule. That, in a dozen words, is how the Navy is evolving its program for carrier-launched drones. Since the cancellation of the original UCLASS drone– Unmanned Carrier-Launched Aerial Surveillance & Strike — Navy leaders have insisted they would get the simplified successor in […]