Red Ink Tops $16 Billion On Risky USAF Fixed-Price Defense Deals
Losses on Boeing’s fixed-price KC-46 development and procurement contracts now total more than $7 billion since the contract was awarded in 2011.
Credit: Senior Master Sgt. TimM Huffman/U.S. Air National Guard
On July 9, 2014, the U.S. Air Force asked two companies to make a billion-dollar bet on the price of a B-21 Raider bomber in 2024. That was the day the service’s solicitation for the long-awaited Long-Range Strike Bomber defined the terms of a high-stakes evaluation and called for Northrop Grumman...
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