Boeing’s Defense, Space & Security division (BDS) recorded its smallest loss of the year in the fourth quarter of 2023, as the aerospace giant works back toward profitability in the 2025-2026 timeframe, Boeing officials said Jan. 31.
With a $482 million third-quarter charge against its Air Force One/VC-25B, Boeing is now up to $1.3 billion in losses on the project. It also lost $350 million on an unnamed satellite program and $136 million on the Navy's MQ-25 refueling drone.
Boeing’s defense business has stabilized following a series of massive quarterly losses that put the company in a precarious position, top executives said on an earnings call Jan. 25. Now, officials said they are focused on moving forward with new technology in the Boeing Defense, Space, ...
Boeing Defense, Space & Security reorganized its divisions, streamlining to help turn around the firm's struggling financial performance, the aerospace giant announced. Instead of eight divisions, the company will now have four divisions: Air Dominance; Mobility, Surveillance, and Bombers; Vertical Lift; and Space, Intelligence, and ...
Autonomous systems will emerge as critical in future fights, according to industry and military representatives who spoke at the AFA Warfare Symposium. They said they're convinced of the fact. But before this happens, they believe, Airmen, Guardians, and other troops must know they can trust ...
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 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 ...
Watch Leanne Caret, president and chief executive officer of Boeing Defense, Space & Security, discusses the KC-46 Pegasus tanker, the T-7A trainer, her vision for how Boeing might fit into the Air Force's Advanced Battle Management System, and more in a sponsored interview with Air ...