Boeing lost $222 million on two key Air Force programs in the first quarter of fiscal year 2024: $128 million on the KC-46 aerial refueling tanker and $94 million on the T-7 trainer, where the total losses already exceed more than $7 billion and $1 ...
With a $482 million third-quarter charge against its Air Force One/VC-25B, Boeing is now up to $1.3 billion in losses on the project. It also lost $350 million on an unnamed satellite program and $136 million on the Navy's MQ-25 refueling drone.
Boeing’s defense business has stabilized following a series of massive quarterly losses that put the company in a precarious position, top executives said on an earnings call Jan. 25. Now, officials said they are focused on moving forward with new technology in the Boeing Defense, Space, ...
Boeing reported a $3.3 billion loss in the third quarter of 2022, driven by deepening woes in its defense business, the company announced Oct. 26. Boeing's defense, space, and security sector lost $2.8 billion in cost overruns on fixed-price development contracts.
Boeing lost more than a billion dollars on two Air Force programs in the first quarter of fiscal 2022, getting "whacked" by inflation, the pandemic, and supply chain issues, CEO David L. Calhoun said. He admitted that Boeing lowballed its bids for the fixed-price development ...
The Air Force has made another investment in hypersonic aircraft, teaming up with venture capital firms to give a $60 million contract to startup Hermeus, which is looking to develop a jet that can travel at five times the speed of sound.
The existing VC-25As, known as Air Force One when the President is on board, may have to undergo another maintenance cycle, requiring Air Mobility Command to take funding from other requirements, as the replacement program faces a possible schedule slip. Boeing presented the Air Force ...
Boeing reported its sixth straight loss in its first-quarter earnings report April 28, including a new charge on the Air Force One replacement program. However, Boeing Defense saw increased revenue, spurred largely by new KC-46, P-8, and V-22 contract awards. Company CEO David L. Calhoun ...
“An unauthorized individual” breached Joint Base Andrews, Md., on Feb. 4, a base spokesperson confirmed to Air Force Magazine via email. The Air Force Office of Special Investigations is leading the investigation into the incident, they said.
Want to know what the next Air Force One Will look like? You’ll have to wait. Deciding on the color scheme for the VC-25B, which is under development to replace the current VC-25As that serve as Air Force One, is not on the immediate to-do ...
Former President Donald J. Trump on the morning of Jan. 20 took off on Air Force One from Joint Base Andrews, Md., for the last time, after brief remarks highlighting his administration’s accomplishments in adding military funding and creating the newest military service. Hours before ...
Senior Department of the Air Force leaders have repeatedly tested negative for the coronavirus within the past several days, as news emerged early Oct. 2 that President Donald J. Trump and First Lady Melania Trump contracted COVID-19. Top military officials, including Secretary of the Air ...