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 reported a $3.3 billion loss in the third quarter of 2022, driven by deepening woes in its defense business, the company announced Oct. 26. Boeing's defense, space, and security sector lost $2.8 billion in cost overruns on fixed-price development contracts.
Boeing rolled out its first production T-7A advanced trainer at ceremonies in St. Louis, Mo., touting the jet's digital design and calling it the start of a new era of Air Force pilot training. The ceremonies were cloaked with tributes to the Tuskegee Airmen, as ...
Boeing lost more than a billion dollars on two Air Force programs in the first quarter of fiscal 2022, getting "whacked" by inflation, the pandemic, and supply chain issues, CEO David L. Calhoun said. He admitted that Boeing lowballed its bids for the fixed-price development ...
Boeing's losses on the KC-46 tanker now add up to over $5.4 billion, as the company took an additional charge on the program of $406 million in the last quarter of 2021. The company chalked up the loss to continued resolution of the Remote Viewing ...
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 ...