Fixed-Price Programs Drive Operating Loss For Boeing Defense Unit

The U.S. Air Force must consider leasing tankers from commercial industry because of delays to the Boeing KC-46A Pegasus, according to the head of U.S. Transportation Command.

Credit: Paul Weatherman
Boeing’s fixed-price defense and space contracts added $1.04 billion in new charges in the second quarter, driving overall losses over the past decade to nearly $14.4 billion, show the company’s financial filings on July 31. A strategy used from 2011 to 2018 to win five fixed-price development...
Steve Trimble

Steve covers military aviation, missiles and space for the Aviation Week Network, based in Washington DC.

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