R&D Outlook:

As he went down each program on Boeing’s various strike and airlift programs, Darryl Davis, head of the company’s advanced precision engagement and mobility systems, usually concluded with a comment that funding is uncertain. “Based on what we hear … about bills being flowed to the services,” Davis told reporters this morning at AFA’s Washington conference that “it will cut into R&D” in the future years spending plan. “It does not sound good” for aggressive development of new systems, he acknowledged.