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
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
-
Supplying F-16 jets to Ukraine won't win the war, but adds new causes of concern for Russia
While the question of which Western fighter jet will be ultimately sent to Ukraine now seems settled, how much effect will the F-16's presence have on the conflict?
-
Turkiye’s strong desire to buy F-16 from US persists, defying previous statements
Turkiye's renewed interest in the long-gestating F-16 deal, despite geopolitical hurdles and a potential ban on adding indigenous weapons, highlights the significance of this strategic acquisition for Ankara's military capabilities.
-
Meeting the needs of tactical forces with innovative UAS for mission success (Sponsored)
With the growing global trend towards the use of UAS, Aeronautics is uniquely positioned as one of the leading companies in the world in that field