Skip to main content

Boeing Admits Its Defense Contracts Are Money Losers

A KC-46A Pegasus tanker takes off March 17, 2022, from McConnell Air Force Base, Kansas, as part of the Air Mobility Command’s first KC-46 Employment Concept Exercise. (U.S. Air Force photo by Amn. William Lunn)  

Breaking Defense: Boeing defense racks up $2.8B in costs this quarter, with losses from KC-46 and new Air Force One  

“We’re not embarrassed by [the cost overruns]; they are what they are. And we intend to deliver against these contracts and satisfy our customers,” said Boeing CEO Dave Calhoun.  

WASHINGTON — Boeing disclosed a whopping $2.8 billion loss on defense programs this quarter, led by significant cost overruns on the KC-46 tanker and new Air Force One, the company stated today. 

Losses were sustained on KC-46, T-7A Red Hawk trainer, the Navy’s MQ-25 tanker drone, VC-25B — better known as Air Force One, when the president is onboard — and NASA’s Commercial Crew program, Boeing said in a news release. 

The overruns were “driven by higher estimated manufacturing and supply chain costs, as well as technical challenges” and “were also impacted by unfavorable performance on other programs,” Boeing said.  

Read more ....  

WNU Editor: Boeing is one of the largest recipients of aid and subsidies from the US Federal government. I am sure everything will even out in the end.



from War News Updates https://ift.tt/LZNcrpy
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

US Budget Proposal Seeks F-22 Raptor Stealth Jet Upgrades to Protect Air Dominance

 Lockheed Martin’s F-22 Raptor fighter jet is confirmed to receive major upgrades under the proposed FY2026 budget plan to ensure its sustained edge in air dominance operations, according to the U.S. Air Force Financial Management and Comptroller. Despite the emergence of sixth-generation designs, the Air Force’s dedicated $90 million budget aims to extend the Raptor’s relevance. This move underscores a broader strategy to protect critical stealth assets against evolving threats from China and Russia. It highlights a firm commitment to bridging the gap until Next Generation Air Dominance systems mature.  Read full defense News at this link.  The planned FY2026 viability upgrade marks a clear signal that the F-22 remains a backbone of U.S. air dominance doctrine (Picture source: U.S. Air Force) from World Defence News https://ift.tt/xebSkjs via IFTTT
Post a Comment
Read more

Raytheon Australia Integrates Sidewinder Missile With NASAMS Launcher to Strengthen Air Defence

 On June 30, 2025, Raytheon Australia integrated Sidewinder Missile on NASAMS High-Mobility Launcher strengthening ground-based air defence capabilities. In a significant demonstration at the Woomera Test Range, the Australian Army’s 16th Regiment, Royal Australian Artillery, successfully fired the AIM-9 Sidewinder missile from a Hawkei High-Mobility Launcher, marking a world-first for this missile-platform pairing. This milestone underlines the growing relevance of adaptable, layered air and missile defence systems for Australia’s national security.  Read Full Defense News at this link.  The successful integration of the Sidewinder missile onto the NASAMS High-Mobility Launcher represents a tangible leap in Australia’s ground-based air defence (Picture source: Australian Army) from World Defence News https://ift.tt/XxVBQHy via IFTTT
Post a Comment
Read more