More fiscal pain for Boeing on KC-46A Pegasus and other key programmes
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
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
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
More from Air Warfare
-
Anduril and GA-ASI propel forward in US Air Force CCA programme’s next phase
Anduril and GA-ASI have raced ahead in the Collaborative Combat Aircraft (CCA) initiative, securing contracts with the US Air Force to build production representative flight test platforms.
-
Another Saab GlobalEye lands in the UAE
The arrival of the latest GlobalEye marked the fourth AEW&C aircraft delivery to the UAE in just four years.
-
Greece and Israel cosy up over Rafael’s Spyder air defence system
Ongoing discussions between Greece and Israeli arms manufacturer Rafael to acquire Spyder air defence systems underscored the resilience of international business ties despite geopolitical tensions.