After six straight quarterly losses, Boeing reported profits of $755 million in the second quarter of 2021, a year after posting a $3.32 billion loss. Company officials reported no new loss on the KC-46 tanker, on which the company has lost $5 billion so far. ...
Boeing reported its sixth straight loss in its first-quarter earnings report April 28, including a new charge on the Air Force One replacement program. However, Boeing Defense saw increased revenue, spurred largely by new KC-46, P-8, and V-22 contract awards. Company CEO David L. Calhoun ...
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 ...
Boeing will pay another $67 million out of pocket for the KC-46 program, a cost attributed to COVID-19-related cost overruns and productivity deficiencies, though company leaders say the tanker won't be a “drag” on the company’s bottom line much longer. In a third quarter earnings ...
Chief of Staff Gen. David Goldfein told Senate legislators March 3 the service will not use the new KC-46 tanker unless absolutely necessary to fight a powerful adversary. The wide-ranging Senate Armed Services Committee hearing—the first of multiple chances the Air Force has this week ...
Boeing has incurred another $148 million in losses for its KC-46 tanker program due to higher than expected manufacturing costs, as the company works with the Air Force to address continued deficiencies in the tanker’s capabilities. The company disclosed the losses in a Jan. 31 ...