Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.
The Air Force on Sept. 18 warned that a failure to pass a new budget for the federal government for part or all of fiscal 2025 could degrade military readiness and slow the arrival of critical equipment as Congress ticks toward a shutdown in less ...
Boeing’s Defense, Space & Security division (BDS) recorded its smallest loss of the year in the fourth quarter of 2023, as the aerospace giant works back toward profitability in the 2025-2026 timeframe, Boeing officials said Jan. 31.
Congress won't allow the Air Force to retire its T-1A Jayhawk trainer until the service shows it can effectively train new pilots by simulator alone, according to the 2024 National Defense Authorization Act. The Air Force also may be allowed to accept new T-7 trainers ...
Aviation milestones are a family business for Air Force Maj. Bryce Turner, who on June 28 became the first Air Force pilot to take the T-7A Red Hawk on an official test flight, which marked the latest milestone in a three-generation tradition of Turner family ...
While an effective tool, digital engineering won't deliver massive savings of time and money in new programs, yielding probably 20 percent improvement in those areas, Air Force Secretary Frank Kendall said.
Boeing Defense, Space & Security reorganized its divisions, streamlining to help turn around the firm's struggling financial performance, the aerospace giant announced. Instead of eight divisions, the company will now have four divisions: Air Dominance; Mobility, Surveillance, and Bombers; Vertical Lift; and Space, Intelligence, and ...
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.
The era of “three-day critical design reviews” of Air Force programs may be ending with the advent of digital design and development methods, Gen. Duke Z. Richardson, head of Air Force Materiel Command, told attendees at an industry conference. “This is completely transforming how we’re ...
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 Next-Generation Air Dominance Fighter is Air Combat Command’s top priority, because without it, the Air Force can’t provide the control of the air the whole military depends on to operate, Air Combat Command chief Gen. Mark D. Kelly said. He also named a replacement ...
The Air Force is still in the infancy of its push toward digital acquisition systems, but it won’t go back to traditional methods because the threat, the need for speed, and increasing costs demand a new way of doing business, acting Assistant Secretary for Acquisition, ...