Boeing defense business narrows losses as company battles MAX crisis

Boeing defense business narrows losses as company battles MAX crisis
Boeing defense business narrows losses as company battles MAX crisis

The aerospace giant chose to forego overall financial guidance for 2024 as it struggles with safety concerns in its commercial business.

By  
Boeing hit with fresh $245 million KC-46A charge, erasing defense sector’s Q1 profits

Boeing hit with fresh $245 million KC-46A charge, erasing defense sector’s Q1 profits
Boeing hit with fresh $245 million KC-46A charge, erasing defense sector’s Q1 profits

The troubled tanker’s charges are now up to over $7 billion as Boeing wrestles to get its fixed-price development contracts on track.

By  
Boeing CEO Out; Systemic Problems May Remain

Boeing CEO Out; Systemic Problems May Remain
Boeing CEO Out; Systemic Problems May Remain

Boeing’s military programs have been affected by “under-prioritizing engineering resources,” says Teal Group’s Richard Aboulafia.

By  
Air Force Gets Tough With Boeing, Withholds $360 Million From KC-46

Air Force Gets Tough With Boeing, Withholds $360 Million From KC-46
Air Force Gets Tough With Boeing, Withholds $360 Million From KC-46

There was more bad news for Boeing today, even after the company announced it lost $5 billion due to civilian airliner crashes. This time, the hit came on the defense side of the house.

By