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Boeing strives to climb out of Pegasus money pit

12th February 2021 - 16:00 GMT | by Jason Sherman in New York

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Head of Air Mobility Command says USAF is ‘making lemonade out of lemons’ as KC-46A programme attempts to surmount its problems by 2023-2024.

The KC-46A Pegasus programme passed an ignominious milestone in late January, when the out-of-pocket costs of $5.1 billion for Boeing to develop the USAF tanker exceeded the $4.9 billion contributed by the Pentagon.

The programme — launched ten years ago this month — is at least another two years from being in the clear.

In late January in its financial report for Q4 2020, Boeing advised shareholders of a $275 million charge for the KC-46 programme, bringing total pre-tax charges during 2020 to $1.3 billion. This was the worst single year of unforeseen Pegasus development costs for ...

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