Boeing on Jan. 27 reported another $275 million charge to its KC-46 program, pushing the total cost overruns it is responsible for to more than $5 billion in the past six years—more than the initial contract award for the tanker. The fourth quarter total means ...
Massive spending to combat the coronavirus pandemic may suppress defense spending and therefore defense stock prices, which have tanked to the tune of more than 30 percent in the last month, according to defense and aerospace analyst Byron Callan of Capital Alpha. Congress may also ...
Dennis Muilenburg resigned Dec. 23 as Boeing's president and CEO, effective immediately, and will be succeeded by board chairman David Calhoun.