More fiscal pain for Boeing on KC-46A Pegasus and other key programmes
Whereas the development contract of the nearly 12-year-old KC-46 is worth $4.9 billion, the programme has now suffered over $6.8 billion in losses. (Photo: US DoD)
Boeing has disclosed a colossal $2.8 billion loss on various defence programmes this quarter, the company announced on 26 October.
The losses occurred on the KC-46A tanker, T-7A Red Hawk trainer jet, MQ-25 Stingray UAS, the VC-25B Air Force One replacement and NASA’s Commercial Crew programme.
The latest reports mean that Boeing's defence, space and security (BDS) sector has suffered a total of around $3.7 billion in losses this year.
The losses were ‘driven by higher estimated manufacturing and supply chain costs, as well as technical challenges' and 'were also impacted by unfavourable performance on other programmes,’
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Air Warfare
-
Elbit to support anti-missile systems for NATO A330 tanker fleet
The NATO Support and Procurement Agency centre in Luxembourg will support the direct infrared countermeasures system fitted to the Multi-Role Tanker Transport Capability fleet.
-
DARPA X-plane with revolutionary controls hits new milestone
The CRANE project exploring active-flow control technologies could contribute to developing extremely low-observable aircraft in the future.
-
Sikorsky delivers 5,000th H-60 helicopter
The Black Hawk has been in service for over four decades, but both the US Army and Sikorsky believe the helicopter will have a role for at least another 40 years.
-
Hensoldt develops demonstrator SIGINT pod for Eurodrone
The company has already demonstrated its C-ESM capabilities in ground and flight tests.
-
Last upgraded light combat aircraft delivered to Czech Air Force
Work on the L-159 Advanced Light Combat Aircraft included inspection and testing of parts, plus technical improvements to some components and functions of the aircraft.